Induslaw Deal Report - Citigroup Global Markets India Private Limited

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.

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We advised Citigroup Global Markets India Private Limited in relation to the sale of equity shares of Concord Biotech Limited held by 1575773 Ontario Inc for INR 519 crores, through block trade.

India Corporate/Commercial Law

We advised Citigroup Global Markets India Private Limited in relation to the sale of equity shares of Concord Biotech Limited held by 1575773 Ontario Inc for INR 519 crores, through block trade.

Deal amount: INR 519 crores/ USD 62 million

INDUSLAW team: Vishal Yaduvanshi (Partner), Priyadarshini Rao (Partner) and Abishek Sankar (Associate)

Other law firms involved:

Sidley Austin LLP

* Concord Biotech block deal: 3.4% equity changes hands as Ontario Inc pares stake (moneycontrol.com)

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