Blackrock has mutually agreed with the DSP Group to terminate their joint venture relationship in the mutual fund, asset management, and AIF business and to sell its minority stake therein back to DSP group entities and DSP group founders..Currently, DSP Group owns 60 percent stake in the joint venture, whereas BlackRock Inc. has a 40 percent holding in the firm, reported Moneylife..Trilegal advised BlackRock with a team led by Partner Yogesh Singh, along with Counsel Nitika Chhabra, Senior Associate Ramya Suresh and Associate Eklavya Malvai..Trilegal Partner Samsudhha Majumdar and Senior Associate Ayush Tandon advised on the tax aspects and Partner Nisha Kaur Uberoi and Senior Associate Gautam Chawla advised on the anti-trust related aspects..Skadden, Arps, Slate, Meagher & Flom, led by Partners David C Hepp and Victor Hollender, Counsel Martin Ziessler and Associates Erik Sarkisyan and Abigail Friedman too advised BlackRock..DSP Group was advised by Talwar Thakore and Associates and King & Spalding LLP..TT&A team was led by Partner Kunal Thakore, along with Managing Associate Neville Golwalla and Associate Gayatri Chadha..King & Spalding team included Partner Matthew Jacobson.
Blackrock has mutually agreed with the DSP Group to terminate their joint venture relationship in the mutual fund, asset management, and AIF business and to sell its minority stake therein back to DSP group entities and DSP group founders..Currently, DSP Group owns 60 percent stake in the joint venture, whereas BlackRock Inc. has a 40 percent holding in the firm, reported Moneylife..Trilegal advised BlackRock with a team led by Partner Yogesh Singh, along with Counsel Nitika Chhabra, Senior Associate Ramya Suresh and Associate Eklavya Malvai..Trilegal Partner Samsudhha Majumdar and Senior Associate Ayush Tandon advised on the tax aspects and Partner Nisha Kaur Uberoi and Senior Associate Gautam Chawla advised on the anti-trust related aspects..Skadden, Arps, Slate, Meagher & Flom, led by Partners David C Hepp and Victor Hollender, Counsel Martin Ziessler and Associates Erik Sarkisyan and Abigail Friedman too advised BlackRock..DSP Group was advised by Talwar Thakore and Associates and King & Spalding LLP..TT&A team was led by Partner Kunal Thakore, along with Managing Associate Neville Golwalla and Associate Gayatri Chadha..King & Spalding team included Partner Matthew Jacobson.