Aug 30, 2024

KKR on the divestment which was completed by way of an offer for sale (OFS) process on the floor of a stock exchange.

AZB & Partners advised KKR on the divestment of a ~17% stake in India Grid Trust for ~US$ 215 million, which was completed by way of an offer for sale (OFS) process on the floor of a stock exchange. This marks the first OFS that was successfully completed for a public listed InvIT.

Our M&A transaction team comprised our Senior Partners Ashwath Rau and Atreya Bhattacharya, Senior Associate Vyjayanthi Raghu, Associates Shubhalakshmi Bhattacharya and Tansa Shah, and Capital Markets team comprised our Senior Partner Lionel D’Almeida and Senior Associate Kairav Parikh.

 

AUTHORS & CONTRIBUTORS

TAGS

SHARE

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.