Shardul Amarchand Mangaldas and Co advises Apollo Tyres Ltd.

March 11, 2020

Shardul Amarchand Mangaldas & Co (SAM & Co) acted as counsel to Apollo Tyres Ltd. in relation to the proposed issuance of convertible instruments leading to the acquisition of a minority stake of 9.93% by Warburg Pincus in Apollo Tyres Ltd. SAM & Co advised on all legal aspects of the transaction including structuring, advisory, negotiations and execution of the transaction documents. The deal is valued at approx. USD 150 Million and has been signed on 27 February, 2020.

The SAM & Co transaction team was led by Managing Partner, Akshay Chudasama and Partner, Ashni Roy and comprised of Principle Associate, Davis Kanjamala; Senior Associate, Neha Shaw; Senior Associate, Akansha Singh and Associate, Anushree Pathak. Partner, Yogesh Chande and Senior Associate, Kanwardeep Kapany assisted on the securities law aspects of the transaction; Partner, Abhay Sharma and Senior Associate, Priyanka Jain assisted on the tax aspects of the transaction and Partner, Gauri Chhabra and Associate, Sagarika Parab assisted on the competition law aspects of the transaction.

Warburg Pincus was advised by AZB & Partners.