The buyback of India’s largest oil producer, which is owned by mining baron Anil Agarwal, is also one of the biggest buyback offers ever made by an Indian company.
Morgan Stanley was the lead manager and was advised by Khaitan & Co executive director Sudhir Bassi and partner Arindam Ghosh, according to a press release from the firm.
Bassi had joined Khaitan last year from Morgan Stanley, where he was managing director, coming on board as a non-lawyer and partner-level director in Mumbai.
Amarchand Delhi partners Prashant Gupta and Gunjan Shah, with associate Shruti Kanodia acted for Cairn, while Standard Chartered, one of the managers, was advised by Luthra & Luthra Mumbai capital markets partner Manan Lahoty and managing associate Vishal Yaduvanshi, confirmed two persons familiar with the deal.
S&R Associates has also acted for Cairn India in the past, having bagged the instruction in its $9.6bn takeover by UK miner Vedanta Resources in 2010.
Photo by Ray Bodden
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No promotions, no salary increment. Add that to the joke of an HR department with a joker as its head and things are really abysmal. Its a worsening situation day by day, and increasingly associates are going to look for greener pastures. Its a matter of time before Kco disintegrates into a Luthra.
Indeed. Actually, those looking for greener pastures are even considering Luthra!
Yes, he is a star. Though I do not think he has handled any reported-Cairn mandate.
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