Anil Ambani’s Reliance Defence Systems, along with Reliance Infrastructure, is making an entry into the defence sector by acquiring Pipavav Defence in an all-cash deal..J. Sagar Associates acted for Reliance Infra with a team led by Mumbai Partner Sandeep Mehta..K Law advised Pipavav on the M&A aspect of the transaction. The K Law team was led by Partners Naina Krishna Murthy and Praveen Raju..Crawford Bayley acted for Pipavav in conducting due diligence on the Company, and working on the regulatory and compliance aspects..The Crawford team included Senior Partner Sanjay Asher, Principal Associate Ankit Paleja and Associates Joyesh Shankar, Hetal Thakker and Roshni Rathi..Reliance Infrastructure will first invest Rs 819 crore for 17.66 per cent stake at Rs 63 a share from the promoters and, subsequently, launch an open offer for an additional 26 per cent stake at Rs 66 a share (Rs 1,266 crore), reports Business Standard..Image taken from here.
Anil Ambani’s Reliance Defence Systems, along with Reliance Infrastructure, is making an entry into the defence sector by acquiring Pipavav Defence in an all-cash deal..J. Sagar Associates acted for Reliance Infra with a team led by Mumbai Partner Sandeep Mehta..K Law advised Pipavav on the M&A aspect of the transaction. The K Law team was led by Partners Naina Krishna Murthy and Praveen Raju..Crawford Bayley acted for Pipavav in conducting due diligence on the Company, and working on the regulatory and compliance aspects..The Crawford team included Senior Partner Sanjay Asher, Principal Associate Ankit Paleja and Associates Joyesh Shankar, Hetal Thakker and Roshni Rathi..Reliance Infrastructure will first invest Rs 819 crore for 17.66 per cent stake at Rs 63 a share from the promoters and, subsequently, launch an open offer for an additional 26 per cent stake at Rs 66 a share (Rs 1,266 crore), reports Business Standard..Image taken from here.
