Shardul Amarchand Mangaldas & Co (SAM & Co) advised Disa India Limited on its share buyback that was announced 12 August, 2016. DISA is the leading global provider of innovative foundry technology. The Company develops and manufactures a complete range of metal casting production solutions for the ferrous and non-ferrous foundry industries.
The Shardul Amarchand Mangaldas & Co. team acted as the legal advisor in the buyback through the “tender offer” route under the SEBI (Buy-back of Securities) Regulations, 1998. The General Corporate team of the firm was led by Mr. Yogesh Chande, Partner.
Other advisors to the transaction were Ambit Private Limited, who acted as the manager to the offer.
The deal is valued at INR 26.88 Crores approximately.
The deal was signed on August 12, 2016 and work on the deal is currently underway.
About Shardul Amarchand Mangaldas & Co.
Founded in 2015, Shardul Amarchand Mangaldas & Co., is one of India’s leading law firms rated by International organisations, law directories and professional journals. As a full service law firm, it is renowned in the business community for its ability to enable business, its innovative solutions, its responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” with a legacy of 99 years.
The Firm has over 430 lawyers, including 85 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurgaon, Ahmedabad, Kolkata, Bangalore and Chennai.