Heineken’s 14.99% Acquisition of UBL Shares

Trilegal advised Heineken on the transaction.

Heineken completed the acquisition of 14.99% of UBL’s shares from the Recovery Officer, DRT Bangalore, through the block deal window of the BSE, taking their shareholding from 46.5% to 61.5%.

The sale was triggered by the Recovery Officer of the DRT Bangalore by way of a sale proclamation, giving potential purchasers just 15 days to conclude the transaction. 

The Trilegal Corporate Team: Partners: Sridhar Gorthi (Picture) and Shruti Rajan; Counsel: Deep Choudhuri; and Associates: Arunima Singal and Riddhi Upadhyay. Competition Team: Partner and National Head of Competition Law: Nisha Kaur Uberoi; Partner: Gautam Chawla;  Counsel: Shravani Shekhar; Senior Associate: Sanjeev Sriram; and Associates: Akrathi Shetty, Samriddha Gooptu and Shloka Sah. Disputes Team: Partner: Anuradha Agnihotri; Counsels: Siddharth Ranade and Vividh Tandon; Senior Associates: Manasa Sundarraman and R V Goutham; and Associates: Prakshal Jain, Kaazvin Kapadia, Adit Shah and Joseph Moses Parambi. Secretarial Team: Principal Consultant: Rajesh Modani; Senior Consultant: Ashima Chhatwal; and Consultant: Ansif Latheef.

Involved fees earner: Anuradha Agnihotri – Trilegal; Gautam Chawla – Trilegal; Deep Choudhuri – Trilegal; Samriddha Gooptu – Trilegal; Sridhar Gorthi – Trilegal; Prakshal Jain – Trilegal; Kaazvin Kapadia – Trilegal; Joseph Moses Parambi – Trilegal; Shruti Rajan – Trilegal; Siddharth Ranade – Trilegal; Shloka Sah – Trilegal; Adit Shah – Trilegal; Shravani Shekhar – Trilegal; Akrathi Shetty – Trilegal; Arunima Singal – Trilegal; Sanjeev Sriram – Trilegal; Manasa Sundarraman – Trilegal; Vividh Tandon – Trilegal; Nisha Kaur Uberoi – Trilegal; Riddhi Upadhyay – Trilegal;

Law Firms: Trilegal;

Clients: Heineken NV;

Author: Sonia Carcano