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Cyril Amarchand Mangaldas advises on L&T Technology Services' acquisition of Smart World and Communication Business of L&T on slump sale basis

Mumbai (Maharashtra)/New Delhi [India], January 19 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Larsen and Toubro Limited (L&T), in relation to sale of its 'Smart World and Communications Business' (SW&C Business) to its listed subsidiary L&T Technology Services Limited (LTTS), for an aggregate amount of INR 800 crore. The Transaction seeks to leverage LTTS's global footprint and achieve a global market reach for the SW&C Business. The General Corporate Practice of Cyril Amarchand Mangaldas acted as the legal counsel for L&T Group in the transaction. The transaction team was led by Shishir Vayttaden, Partner; and Aditi Singhvi, Partner; with the support of Riya Sharma, Associate. The diligence was conducted by Aditi Singhvi, Partner; with support from Shreejoyee Bhattacharya, Associate; Rajat Sinha, Associate; Kabeer Jay, Associate; Tawishi Beria, Associate; and Pritha Taraphder, Associate. The Employement team was lead Bishen Jeswant, Par ....

Kabeer Jay , Akash Mishra , Cyril Amarchand Mangaldas , Shreejoyee Bhattacharya , Rajat Sinha , Pritha Taraphder , Aditi Singhvi , Anirban Mohapatra , Priya Sharma , Bishen Jeswant , Shishir Vayttaden , Clt Group , Lt Technology Services Limited , Communications Busines Swc Business , Toubro Limited , New Delhi , Businesswire India , Smart World , Communications Busines , General Corporate Practice , Tawishi Beria , Mumbai Maharashtra New Delhi India , Anuary 19 Ani Businesswire India Cyril Amarchand Mangaldas Advised Larsen And Toubro Limitedl Ampt , N Relation To Sale Of Its 39 Smart World And Communications Business Sw Ampc Listed Subsidiaryl Ampt Technology Services Limited Ltts , Or An Aggregate Amount Of Inr 800 Crore The Transaction Seeks To Leverage Ltts 39s Global Footprint And Achievea Market Reach For Sw Ampc Business General Corporate Practice Cyril Amarchand Mangaldas Acted As Legal Counsel Forl Ampt Group In Team Was Led By Shishir Vayttaden , Artner And Aditi Singhvi ,