Deal Closed | UBS Securities India Private Limited | Block Sale – Epsilon Bidco Pte. Ltd
Blackstone to sell Essel Propack shares worth $251 mn.
The details of the deal are as under:
Sector: Manufacturing and Specialty Packaging
Announcement Date: 17 September 2020
Completion Date: 22 September 2020
Name of Client: UBS Securities India Private Limited
Deal Description: Khaitan & Co. advised the Broker i.e. UBS Securities India Private Limited in relation to all aspects of the sale of shares held by the Seller i.e. Epsilon Bidco Pte. Ltd, in Essel Propack Limited, through a block deal on the stock exchange trading platform.
Role of Khaitan & Co: Indian legal counsel to the Broker
Total Consideration: INR 1,851.10 crore (USD 252 million)
Team Members: Subhayu Sen (Partner) and Chirayu Chandani (Counsel)
Other legal advisors: Ashurst LLP, special United States counsel to the Broker
