Cyril Amarchand Mangaldas Secured for Whirlpool Mauritius Ltd’s Divestment, Yielding Rs. 3,888.48 Crores
Cyril Amarchand Mangaldas provided legal counsel to Goldman Sachs (India) Securities Private Limited (referred to as the “Placement Agent”) in the sale of equity shares of Whirlpool of India Limited (referred to as the “Company”) by Whirlpool Mauritius Ltd (referred to as the “Seller”). The transaction was executed on the trading floors of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Seller divested a total of 30,449,239 equity shares of the Company, representing approximately 24% of the equity share capital, through share sales conducted via screen-based trading on NSE and BSE on February 20, 2024, fetching an aggregate consideration of Rs. 3,888.48 crores (approximately).
The Transaction team consisted of Gokul Rajan, Anuj Pethia, and Adwait Deshmukh.
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