Law firms JSA, IndusLaw, and A&O Shearman are involved in a $401 million IndiGo divestiture deal.
In a significant development, InterGlobe Enterprises has sold a 2% stake in InterGlobe Aviation, the parent company of the low-cost Indian airline IndiGo, for 33.6 billion rupees ($401 million). The sale was executed via the open market, and the shares were purchased by Citigroup.
The legal advisors for Interglobe Enterprises in this transaction were J. Sagar Associates, while IndusLaw represented Citigroup. The JSA team for the IndiGo deal included partners Madhurima Mukherjee Saha, Shivali Singh, and associate Rishika Kharbanda. IndusLaw's team for the IndiGo share purchase included partners Vishal Yaduvanshi and Priyadarshini Rao, with associate Abishek Sankar also participating.
A&O Shearman advised Citigroup in the IndiGo share purchase, but the specific legal advisors for Citigroup in the IndiGo share transactions could not be definitively determined from the available sources.
Citigroup bought IndiGo shares worth 13.6 billion rupees, and the sale has resulted in a reduced shareholding of InterGlobe Enterprises in InterGlobe Aviation, now standing at 35.76%. The transaction saw the transfer of 7,719,573 equity shares in InterGlobe Aviation, which operates IndiGo.
For more precise and up-to-date information on the legal advisors involved in this transaction, it is recommended to check official filings by IndiGo or Citigroup with stock exchanges or securities regulators, press releases from the companies about the transaction, or financial news coverage specifying the legal counsel involved.
The transaction involves legal advisors, with J. Sagar Associates representing InterGlobe Enterprises and IndusLaw representing Citigroup in the finance-related law matters. However, the specific legal advisors for Citigroup in the IndiGo share transactions, as advised by A&O Shearman, remains ambiguous from the available sources.
