Amarchand & Mangaldas & Suresh A. Shroff Co., advised the Poddar Heritage Group in restructuring of its shareholding in the Company as members of the Promoter/Promoter Group to “public”, with the prior approval of SEBI and in undertaking the OFS through the stock exchange mechanism.

Sale of 7.87% stake by the Poddar Selling Shareholders and 0.9% stake by P&G, the promoters of Gillette India Limited (“Company”) pursuant to an Offer for Sale through the Stock Exchange Mechanism (“OFS”). Pursuant to the SEBI OFS Guidelines, the Poddar Selling Shareholders and P&G have sold 8.77% stake in the Company for a total consideration of approximately Rs. 5,711 million. The sale was conducted through the ‘offer for sale’ mechanism on the floors of the BSE and the NSE on November 13, 2013.

In order to comply with the minimum public holding requirement of 75% pursuant to the Securities Contracts (Regulations) Rules, 1957, as amended, the Poddar Selling Shareholders and P&G undertook this OFS in accordance with the SEBI OFS guidelines.

AMSS Team includes Shardul Shroff, Managing Partner, Prashant Gupta, Partner, Sayantan Dutta, Principal Associate and Apurva Rai, Senior Associate. Deal Value was of 5,711 million.