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Amarchand Mumbai, PH Bathiya on Rs 1,800 cr Suzlon investment by Sun Pharma tycoon Dilip Shanghvi

Amarchand Mangaldas advised Suzlon Energy on the Rs 1,800 crore acquisition of 23 per cent stake in it by Sun Pharmaceuticals promoter Dilip Shanghvi and family who were advised by PH Bathiya & Associates.

Amarchand Mumbai managing partner Cyril Shroff and partner Yash Asher acted for Suzlon.

Suzlon will allot 10 million shares on preferential basis to Shanghvi family members and companies owned by him and the stake of Tanti and other promoter entities will decline to 24 per cent from 30.94 per cent after the acquisition, reported Business Standard.

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