AZB acts on $419m BNP Paribas blocksale in SBI Life

BNP Paribas Cardif offloaded another 5.074 per cent stake in SBI Life Insurance through a block deal.
— Hindu Business Line

AZB & Partners advised BNP Paribas Cardif led by a team of partners Rajendra Barot, Varoon Chandra, Lionel D’ Almeida and Arvind Ramesh, and senior associate Rutunjay Singh.

2019-02-21

Deal value: USD 419 Million / INR 29.3 Billion

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

AZB & Partners

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Seriously? 5 years ago interesting

You report even the simplest of block trades if it’s AZB/ CAM, but don’t report a pref allotment if it’s Tier 2! There’s hardly any lawyering involved btw on trades like these - largely in the broker forte with standard trade agreements.

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kianganz 5 years agoLI subscriber

Agree for the most part - which is why we have never previously covered block deals. However, we may start covering more and categorising these as a sub-section of capital markets activity and league tables, if there is enough meaningful activity. However, they won't be part of the M&A league tables.

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Seriously? 5 years ago

Okay. Please do it across the board then

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HK lawyer 5 years ago

This is how the league table ranking scam is being created. Big law is taking deal credit for mindless matters.

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WTF 5 years ago

4 partners and 1 senior associate for a block sale deal. You sure its not block chain deal.

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AZB acts on $419m BNP Paribas blocksale in SBI Life