CAM advises JP Morgan in relation to block trade by Bata (BN) B.V. in Bata India

Cyril Amarchand Mangaldas advised JP Morgan India Private Limited (JP Morgan), in relation to the Block trade by Bata (BN) B.V. in Bata India Limited. JP Morgan acted as broker to the sale transaction aggregating to INR 669 crores (approx.).

The Capital Markets team of Cyril Amarchand Mangaldas advised JP Morgan on the Transaction. The Transaction team was led by Abhinav Kumar, Partner; with support from Parth Desai, Senior Associate.

As a part of the Transaction, Bata (BN) B.V, the promoter of Bata India, undertook the sale by way of one or more share sales on the screen-based trading of BSE Limited and National Stock Exchange of India Limited for an aggregate consideration of Rs 669 crores (approx.). The Transaction involved a sale of 3,600,000 equity shares of the face value of Rs. 5 each of Bata India Limited (Bata India), representing 2.80% of the paid-up equity share capital of Bata India, by Bata (BN) B.V.

Other Parties and Advisors to the transaction included Linklaters (acted as International legal counsel to JP Morgan).

The Transaction was signed on 31^st May, 2022 and was closed on 3rd June, 2022.

About Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.