Cyril Amarchand Mangaldas advises Morgan Stanley on USD 200 mn block trade by ANT Group in Zomato

December 14, 2022 23:40 IST | ANI Press Release
Tennis player James Blake
Cyril Amarchand Mangaldas

Mumbai (Maharashtra)/ New Delhi [India], December 14 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Morgan Stanley India Capital Private Limited (Morgan Stanley), in relation to the sale of equity shares of Zomato Limited (Zomato) by Alipay Singapore Holdings Pte. Ltd (an Alibaba Group entity) on the screen based trading platform of the BSE and the NSE. This transaction comprised a sale of about 3 per cent stake in Zomato Limited. Morgan Stanley acted as the Broker to Alipay Singapore.

The Capital Markets Practice of Cyril Amarchand Mangaldas advised Morgan Stanley on the transaction. The transaction team was led by team was led by Gokul Rajan, Partner & Regional Head Markets Practice (North); with support from Anuj Pethia, Consultant.

The Transaction involved the sale of 262,873,507 equity shares of Zomato Limited by Alipay Singapore Holdings Pte. Ltd (an Alibaba group entity), by way of a share sale on the screen-based trading platform of the stock exchanges.

Other Parties and Advisors to the transaction included and Latham and Watkins LLP (acted as international legal counsel for Morgan Stanley).

The transaction was signed on 29th November 2022, and was closed on 2nd December 2022.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .