Shardul Amarchand Mangaldas advises SPDJI on sale of stake in Asia Index to BSE

The deal is valued at approximately $3.6 million.
Shardul Amarchand Mangaldas & Co - Iqbal Khan, Pooja Ramchandani, Shreya Jain, Suruchi Kumar
Shardul Amarchand Mangaldas & Co - Iqbal Khan, Pooja Ramchandani, Shreya Jain, Suruchi Kumar

Standard & Poor’s Dow Jones Indices (SPDJI) has sold its stake in Asia Index Private Limited to BSE Limited for approximately $3.6 million.

Shardul Amarchand Mangaldas & Co advised SPDJI on this transaction.

The transaction team was led by Iqbal Khan, (former) Senior Equity Partner; Ashid Basheer, Principal Associate; Pratyush Hari, Senior Associate; Ayushi Choudhary, Associate; Gunjan Singh, Associate; and Raviraj Zinzuvadia, Associate.

The dispute resolution team was led by Shreya Jain, Partner; Juhi Gupta, Counsel.

The employment law team was led by Pooja Ramchandani, Equity Partner; Suruchi Kumar, Partner.

Asia Index was incorporated in 2013 as a 50:50 joint venture between SPDJ Singapore Pte. Ltd. (a subsidiary of S&P Dow Jones Indices) and BSE to calculate, disseminate, and license the widely followed suite of S&P BSE indices (including Sensex) to domestic and international clients for benchmarking and use as the basis for financial instruments such as ETFs and index funds. 

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