Cyril Amarchand Mangaldas advised JM Financial Institutional Securities Limited (JM Financial), the sole broker, on the block sale of shares of Sona BLW Precision Forgings Limited (Sona Forgings), resulting in the exit of Blackstone Group from Sona Forgings, for a reported aggregate value of INR 4,917 crore (approx.).
The Capital Markets Practice of Cyril Amarchand Mangaldas advised JM Financial on the transaction. The transaction team was led by Abhinav Kumar, Partner & Regional Head of Markets Practice (West); with support from Anuj Pethia, Consultant; and Vartika Bhatnagar, Associate.
As a part of the transaction, JM Financial acted as the sole broker in the block trade involving the sale of 11,99,25,641 equity shares of Sona Forgings by Singapore VII Topco III Pte. Limited (a Blackstone entity). The transaction involved the sale of the entire stake held by Blackstone Group (20.5%) in Sona Forgings.
The Transaction was signed on 12th March 2023; and closed on 14th March 2023.
Social media is bold.
Social media is young.
Social media raises questions.
Social media is not satisfied with an answer.
Social media looks at the big picture.
Social media is interested in every detail.
social media is curious.
Social media is free.
Social media is irreplaceable.
But never irrelevant.
Social media is you.
(With input from news agency language)
If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our
journalism free from government and corporate pressure .
0 Comments