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Dhir & Dhir Associates Advises NALCO on INR 28.34 Billion Buyback

Dhir & Dhir Associates Advises NALCO on INR 28.34 Billion Buyback

Dhir & Dhir Associates advised National Aluminium Company Limited, a Navratna Schedule a Central Public Sector Undertaking, on its INR 28.34 Billion (approx.) buyback of 22% (approx.) its equity shares. The Buyback Offer opened on August 30, 2016 and closed on September 14, 2016. Girish Rawat, Partner led the Firm’s banking, finance and capital markets team on the buyback offer. The other team members included Surbhi Narang, Associate. They advised National Aluminium Company Limited and the manager to the Buyback viz. SBI Capital Markets Limited on various transaction related issues from time to time and have drafted the public announcement, various communications with the stock exchanges and the regulator, and documentation.

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