Mumbai (Maharashtra) / New Delhi [India], November 27 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to State Bank of India (SBI), Life Insurance Corporation of India (LIC), Bank of Baroda (BoB), and UTI Trustee Company Private Limited (UTI) on sale of 25.53 per cent stake by SBI, LIC, BoB in UTI to T. Rowe Price International Limited (T. Rowe Price).
The General Corporate Practice of Cyril Amarchand Mangaldas advised on the Transaction. The General Corporate team was led by Smruti Shah, Partner; with support from Aviral Chauhan, Senior Associate; Siddhant Sattur, Associate and Devanshi Dalal, Associate. The Yash J. Ashar, Partner and Head - Capital Markets and S. Vivek, Partner provided strategic advice on the Transaction.
As part of the Transaction, SBI, LIC, and BOB (collectively referred to as the "Sellers") each sold 8.51 per cent of their shareholding in UTI aggregating to 25.53 per cent of its total share capital, to an existing shareholder (T. Rowe Price), pursuant to an order from SEBI to ensure compliance with the requirements prescribed under SEBI (Mutual Funds) Regulations, 1996.
The Offer was signed on November 11, 2020 and closed on November 18, 2020.
Cyril Amarchand Mangaldas takes forward the values going back 103 years, of the erstwhile AmarchandMangaldasSuresh A. ShroffCo., whose pre-eminence, experience and reputation of almost a century has been unparalleled in the Indian legal fraternity. Tracing its professional lineage to 1917, the Firm of Cyril Amarchand Mangaldas is now the largest full-service law firm in India, with over 750 lawyers including over 130 partners, and offices in India's key business centres at Mumbai, New Delhi, Bengaluru, Hyderabad, Chennai and Ahmedabad.
The Firm advises a large, and varied client base that includes domestic and foreign commercial enterprises, financial institutions, private equity funds, venture capital funds, start-ups and governmental and regulatory bodies.
The firm, Cyril Amarchand Mangaldas, was recently awarded with "India - Firm of the Year" at the AsiaLaw Regional Awards 2019 and "India Deal Firm of the Year" at the In-House Community Counsels of the Year Awards 2019.
The firm was also named as the "Most Innovative National Law Firm of the Year - India for 2018" at the IFLR Asia Awards, having also been successful in winning the prestigious and coveted "National Law Firm of the Year, 2018 for India" at the Chambers Asia-Pacific Awards. The firm was also voted as the "Employer of Choice for 2018" from India, by the Asian Legal Business, now 4 years in a row, building upon.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)Mumbai (Maharashtra) [India], November 27 (ANI/NewsVoir): Over the past two weeks, Lina Ashar and Agnelorajesh Athaide have explored several benefits of giving and contribution on their live show - Moonshot Conversations powered by Korroboree.
Keeping in tune with the joy of giving, they are thrilled to host Jacqueline Way, Founder of 365give this Sunday the 29th of November at 5:00 PM. She will share her inspiring story of creating a habit of giving and kindness every day.
Jacqueline is a philanthropist and a motivational speaker - one of the top 100 most-watched Ted Talk speakers. She is a light-bearer of happiness and with her son Nic, she founded 365give - "Change the World 1 Give, 1 Day at a Time". Her indomitable spirit in making people aware of the positive global impact that every small action can bring has been admired worldwide.
Exploring the several benefits of developing and nurturing habits of giving, Agnelorajesh and Lina shared the idea of a "Share Box" where every family member can store unused yet useful items that will be donated to the ones who need them.
Moonshot Conversations powered by Korroboree was started to spread self-awareness, enabling individuals to maximize their potential and in turn discover their best versions. The initial aim was to collaborate with parents and students to help them build a strong foundation right from the beginning. However, each Sunday live episode of Moonshot Conversation on Facebook Live with Lina and Agnelorajesh has been so much more than just solidifying the foundation.
From exploring the science of motivation to understanding the power of habits, Moonshot Conversations has 23 live episodes with more than 14M views! Several episodes have been graced by the presence of global thought leaders like Hector Garcia, Andrew Newman, Layla El Khadri, Simone Singh, Raageshwari Loomba, Drums Sivamani, Runa Rizvi and Ani Choying Drolma.
Watch the live Moonshot Conversation on - www.facebook.com/MoonShotConversationsAgnelorajesh Athaide is an educationist, author, first-generation serial and social entrepreneur, a keen player in the e-commerce sector and a business investor. He is also the Founder and Chairman of St. Angelos Computers Ltd. and St. Angelo's VNCT Ventures, a new age real estate venture; and the chief mentor and Co-founder of the Business Opportunities Club - a premium business networking and mentoring platform that helps SME's and MSME's scale up to the next level.
As a self-made entrepreneur with an inspiring story of passion, self-motivation, and the will power to succeed, Agnelorajesh today is a formidable inspirational speaker and a business strategist and investor, helping next-generation entrepreneurs dream big and achieve their goals.
Jacqueline Way is a philanthropist and a motivational speaker. But what makes her truly an inspiration for the world is her zeal to spread happiness through little acts every day. She is the founder of 365give, a charitable organization that touches people's hearts and souls inspiring them to donate and indulge in the act of giving. Her belief system is strongly rooted in the vision of 365care - creating lasting positive change globally through daily giving. As one of the most viewed Top 100 Ted Talk speakers, Jacqueline continues her journey to help people worldwide resonate with her ideas of giving and change the world into a happier place.
Lina Ashar is a teacher at heart and started her career as one in Australia, before she came to India. Her passion for crafting impactful journeys for children has led her to found Kangaroo Kids Education Limited that runs Kangaroo Kids Preschools and Billabong High International Schools across India, Dubai, Maldives and Qatar.
She is one of the most renowned educators and edupreneurs who is trusted by parents, an inspiration to those that work with her and loved by the children she works with. Lina's spirit was dampened by the schooling system that killed the creativity, individuality and the soul of children and saw potential as finite rather than infinite. This longing to see children as creative, to honour their individuality and nurture their potential was the seed. She joined hands with a dear friend and Korroboree was born.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)