Shardul Amarchand Mangaldas advised Prudential Financial on sale of PGIM India Asset Management business to TVS Venu Group
The leading law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Prudential Financial, Inc. (“PFI”) on the sale of its 100% stake in PGIM India Asset Management Private Limited (“PGIM India”) and PGIM India Trustees Private Limited to TVS Venu Group.
PGIM India, a wholly owned business of PGIM—the global investment management arm of PFI—offers a full suite of equity, fixed income, and multi-asset solutions to retail and institutional investors. Completion of the transaction is subject to regulatory approvals and customary closing conditions.
The SAM transaction team was led by Abhishek Parekh (Partner), with support from Joanna Barretto (Senior Associate), Suhaas Arora (Senior Associate), Akshath Vidyanath (Senior Associate), Sanjana Kumar (Senior Associate), Kareena Sobti (Associate), and Rhea Tewary (Associate).
The SAM due diligence team comprised Abhishek Parekh (Partner), Joanna Barretto (Senior Associate), Rhea Tewary (Associate), Mannat Mahey (Associate), Aviral Bhardwaj (Associate), and Nidhi Lakhotia (Associate). The tax team was led by Gouri Puri (Partner), Rahul Yadav (Partner), and Nimish Malpani (Principal Associate). The competition law aspects were led by Rohan Arora (Partner), supported by Devarsh Kotak (Senior Associate), with valuable inputs from Shailaja Lall (Partner).
Click to know more about Cyril Amarchand Mangaldas
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.