Divestments
Client | Transaction Details | Value (US$mn) |
Year |
Prabhat Dairy | Sale of dairy business to Lactalis | 240 | 2019 |
Star Health | sale of Star Health to WestBridge AIF, RJ1 & Madison Capital | Undisclosed | 2018 |
Shriram Group & TPG Capital Management | 100% sale of Vishal Mega Mart to Partners Group and Kedaara Capital | Undisclosed | 2018 |
Comstar | 100% acquisition of Starter Motor Company by Blackstone | Undisclosed | 2018 |
Tata Power | SED slump sale to Tata Advanced Systems Ltd. | 343 | 2018 |
HDFC | Sale of HDFC Realty and HDFC Developers to Quikr | 53 | 2017 |
Tata Business Support Services Ltd. | Sale of controlling stake in TBSS by TSL and Tata Capital to Quess Corp | 24 | 2017 |
Tata Sons | Financial Advisor to Tata Sons for sale of 23% stake in Tata AIA Life Insurance Company by Tata Sons to AIA Group | Undisclosed | 2016 |
Bharat Forge | Sale of 50% stake in Alstom Bharat Forge to GE | 35 | 2016 |
National Collateral Management Services | Sale of majority stake to Fairfax. This is the largest transaction in the agri-logistics space in India. | ~123 | 2015 |
Actis | Sale of controlling stake in Sterling Hospitals | Undisclosed | 2014 |
Bausch & Lomb Eyecare India | Bausch & Lomb Eyecare India Ltd divested its Ophthalmology Portfolio to Ipca Laboratories Ltd | Undisclosed | 2014 |
Apollo Health Street | Sale of Apollo Health Street to Sutherland Global Services | Undisclosed | 2013 |
BS Ispat Limited | Exclusive Advisor for acquisition of 100% stake in BS Ispat Ltd by Oriental Iron Casting Ltd | Undisclosed | 2011 |
Ispat Industries | Exclusive financial advisor to Ispat Industries for strategic stake sale to JSW Steel through a preferential issue of shares | 480 | 2010 |
Kotak Mahindra Bank | Financial Advisor for preferential allotment of 4.5% stake by Kotak Mahindra Bank to SMBC, a unit of Sumitomo Mitsui Financial Group | 297 | 2010 |
Cipla | Exclusive financial advisor to Cipla for sale of all Intellectual property rights in India related to Cipla's "i-pill" brand to Piramal Healthcare | 21 | 2010 |
Nelco | Exclusive financial advisor to Nelco for sale of Traction Electronics, SCADA and Industrial Drives businesses, as a going concern, to Crompton Greaves | 20 | 2010 |
Zee News | Sale of 6 regional channels to Zee Entertainment Enterprise Ltd. | 259 | 2009 |
KEI-RSOS Maritime and Rajamahendry Shipping and Oilfield Services Ltd | Exclusive advisor to shareholders of KEI-RSOS Maritime and Rajamahendry Shipping and Oilfield Services Ltd. for sale of 100% equity stake to Great Offshore Limited | 63 | 2008 |
Gokaldas Exports | Exclusive advisor to Gokaldas Exports for sale of controlling stake to Blackstone and Manager to the related Open Offer by Blackstone | 165 | 2007 |
SREI Infrastructure | Joint venture between SREI Infrastructure and BNP Paribas for Asset Finance | 192 | 2007 |
Bombay Stock Exchange | Demutualization of Bombay Stock Exchange Limited through 51% Private Placement | 500 | 2007 |
Anchor Electricals | Divestment of 80% stake in Anchor Electricals Private Limited to Matsushita Electrical Works Ltd. | 480 | 2007 |
Hutchison Whampoa | Sale of controlling interest in Hutchison Essar to Vodafone | 10829 | 2007 |
INX Media / INX News | Acquisition of equity stake by Temasek, New Silk Route, New Vernon, and Kotak in Greenfield venture promoted by Ms. Indrani Mukerjea and Mr. Vir Sanghvi | Confidential | 2007 |
IFFCO | Divestment of 25% equity stake held by IFFCO in Godavari Fertilizers and Chemicals Ltd. to Coromandel Fertilizers Ltd. | 30 | 2007 |
Thomas Cook | Divestment of 60% stake in Thomas Cook India Limited to Dubai International group | 92 | 2005 |
Bilakhia Group | Divestment of promoter stake to Huber Group, and acquiring stake in Huber's Group's European Unit | 303 | 2005 |
Hindustan Motors | Hive-off of the Component Business of Hindustan Motors and inviting Actis Capital LLP to acquire 30% stake in the new company | Confidential | 2005 |
Escorts | Disinvestment of telecom businesses for select circles | 70 | 2004 |
Maruti Suzuki | Government of India Disinvestment | 610 | 2002 |
Gujarat Pipavav LNG Co Ltd | Sale of equity in Pipavav LNG to BG | 92 | 2001 |
Owens-Illinois Inc | Sale of Owens Brockway India to Hindustan National Glass Ltd. | Confidential | 2001 |
Hindustan Motors | Sale of Earthmoving Division of Hindustan Motors to Caterpillar Inc., USA | 85 | 2001 |
M-seal | Sale of m-seal to Pidilite | Confidential | 2000 |
Banish | Sale of "Banish" brand to Transelektra | Confidential | 1995 |
GoodKnight | Sale of the "GoodKnight" brand to Godrej | 25 | 1994 |