Cyril Amarchand Mangaldas (CAM) has assisted BNP Paribas on its strategic exit with a 100% sale of its stake in Sharekhan Group’s brokerage unit.
Korean investment banking and brokerage firm Mirae Asset Group acquired the stake in the brokerage unit for USD370 million.
Mirae Asset is set to secure a 72.8% stake in Sharekhan from BNP Paribas and is also poised to acquire 99.9% of Indian company Human Value Developers. Human Value Developers holds a 27.24% stake in Sharekhan.
Partners Shishir Vayttaden and K Aishwarya led the team, which facilitated the execution of this multifaceted deal, contributing to BNP Paribas’ successful divestment from Sharekhan Group.
Partners Arun Prabhu and Anirban Mohapatra led the team advising on technology, privacy and intellectual property matters.
Partners Ankita Ray (employment), Rishiraj Bhatt (real estate), Kirthi Srinivas (antitrust), SR Patnaik (tax), and Subhojit Sadhu (financing) supported the team in a collaborative effort to cover all dimensions of the transaction.
