The deal, which was concluded last week, was conducted through the offer for sale mechanism (OFS) on the floors of the Bombay and National Stock Exchanges.

Amarchand & Mangaldas & Suresh A Shroff & Co advised Poddar – which held a 7.87 per cent stake in Gillette – in restructuring its shareholding in the company and in undertaking the OFS through the exchanges.

J Sagar Associates and Jones Day acted as domestic and international counsel respectively to P&G, which gave up a 0.9 per cent stake.

Counsel to Poddar Heritage Group

Amarchand & Mangaldas & Suresh A Shroff & Co

Managing partner Shardul Shroff, partner Prashant Gupta, principal associate Sayantan Dutta and associate Apurva Rai.

Counsel to Procter & Gamble

J Sagar Associates

Partners Somasekhar Sundaresan, Manisha Kumar and Kaushik Mukherjee, senior associate Ravichandra Hegde, and associates Gagan Sharma, Narayan Kedia and Abishek Venkataraman.

Jones Day

Partner Manoj Bhargava

Counsel to the Brokers

Luthra & Luthra

O’Melveny & Myers