Deal Street

August 02, 2019

Cyril Amarchand Mangaldas advises Essel Group on sale of 11% stake in ZEEL to OFI Global China Fund


[ By Legal Era News Network ]

cyril-amarchand-mangaldas

Cyril Amarchand Mangaldas advised Essel Group in relation to sale of 11% stake in Zee Entertainment Enterprises Limited (ZEEL) to OFI Global China Fund, LLC. The Firm acted as legal counsel to Essel Group companies - Cyquator Media Services Private Limited and Essel Corporate LLP in the Transaction. The aggregate value of transaction upto INR 4244 crores.

The General Corporate and Financing Practices of Cyril Amarchand Mangaldas advised on the transaction. The Cyril Amarchand Mangaldas team provided general corporate advice; and assisted in structuring, drafting, negotiating and reviewing the share purchase agreement. The M&A Transaction team was led by Cyril Shroff, Managing Partner; and Akila Agrawal, Partner; with support from Mukul Sharma, Partner, Ishita Khandelwal, Principal Associate; and Sanchit Garg, Associate.

Ramanuj Kumar, Partner advised on lender related issues. Other parties involved in the Transaction included KPMG who advised OFI Global China Fund

Related Post

latest News

  • IL&FS Seeks NCLT Approval To Complete Sale Of Its Wind Energy Unit To Japanese Company Which Owns Major Stake

    Infrastructure Leasing and Financial Services (IL&FS) has filed a proposal to the National Company law Tribunal (NCLT) to complete the sale of its uni...

    Read More
  • Report on listing of equity shares of companies incorporated in India on foreign stock exchanges, vice versa: SEBI

    The Securities and Exchange Board of India (SEBI) had on June 12, 2018 constituted an ‘Expert Committee for listing of equity shares of companies in...

    Read More
  • Gujarat High Court Moved Over Copyright Case by Singer Kinjal Dave

    The Gujarat High Court has been moved by Gujarati singer Kinjal Dave in connection with a case involving copyright issues of her song Char Bangdi Vadi...

    Read More
shares