Deal Street

May 18, 2020

AZB & Partners act for Warburg Pincus in selling the stake in Laurus Labs


[ by Legal Era News Network ]

Laurus-Labs

Bluewater Investment Ltd, an affiliate of Warburg Pincus, LLC sold shares worth approximately USD 49.67 million (Rs. 3.75 Billion) in Laurus Labs through open market transactions. Bluewater Investment offloaded 85 lakh scrips at the rate of Rs. 441.26 per scrip.

Vaidhyanadhan Iyer (Partner) of AZB & Partners worked on the deal.



Related Post

latest News

  • NCLAT directs estranged McDonald’s partner Vikram Bakshi to deposit Rs. 5 crore for permission to travel overseas

    The National Company Law Appellate Tribunal (NCLAT) directed Vikram Bakshi, the estranged McDonald’s partner and his wife Madhurima Bakshi to deposi...

    Read More
  • Aviva Life Becomes First Financial Company To Be Admitted Into IBC Proceedings After NCLT Upholds Landlord’s Claim

    Court documents have revealed that Aviva Life Insurance has become the first financial company to be admitted into Insolvency and Bankruptcy Code (IBC...

    Read More
  • Supreme Court Allows Appeal Against Chief Judicial Magistrate’s Order Under Section 14 Of The SARFAESI Act

    A Supreme Court vacation bench granted leave to appeal directly against a Chief Judicial Magistrate's order under Section 14 of the Securitisation and...

    Read More