Shardul Amarchand Mangaldas & Co. advises Standard & Poor’s Dow Jones Indices in the sale of its stake in Asia Index Private Limited to BSE Limited

July 2, 2024

Shardul Amarchand Mangaldas & Co. advised Standard & Poor’s Dow Jones Indices (“SPDJI”) in the sale of its stake in Asia Index Private Limited (“AIPL”) to BSE Limited (“BSE”). AIPL was incorporated in 2013 as a 50:50 joint venture between SPDJ Singapore Pte. Ltd. (a subsidiary of S&P Dow Jones Indices) and BSE, for the purpose of calculating, disseminating, and licensing the widely followed suite of S&P BSE indices (including Sensex) to domestic and international clients, for benchmarking and use as the basis for financial instruments such as ETFs and index funds. The deal is valued at approximately USD 3.6 million.

The transaction team was led by Iqbal Khan, Senior Equity Partner; Ashid Basheer, Principal Associate; Pratyush Hari, Senior Associate; Ayushi Choudhary, Associate; Gunjan Singh, Associate; and Raviraj Zinzuvadia, Associate.

The dispute resolution team was led by Rishab Gupta, Of Counsel; Shreya Jain, Partner; Juhi Gupta, Counsel.

The employment law team was led by Pooja Ramchandani, Equity Partner; Suruchi Kumar, Partner.