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Khaitan & Co advised Haitong International Securities Group in relation to the sale of 100 per cent stake in Haitong India held by Haitong Bank, Portugal to Haitong International Investment (Singapore) for $13.77m.
Haitong International Securities Group is an international financial institution listed on the Hong Kong stock exchange and has an established presence in Hong Kong and is expanding its reach in Asia. Haitong International is a subsidiary of Haitong International Holdings, a company incorporated in Hong Kong and wholly owned by Haitong Securities Co Ltd (listed on Shanghai stock exchange).
The firm acted as the legal adviser for Haitong International in connection with the transaction. The core corporate transaction team included Pooja Patel (associate partner), Shantanu Gupta (senior associate), and Pavi Jain (associate) with assistance from Bijal Ajinkya (partner) and Surajkumar Shetty (senior associate) on the tax aspects; Abir Sarkar (associate) and Kamna Kumar (associate) on the diligence assistance.
The post Khaitan advises on $13.8m Haitong India sale appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.
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