Cyril Amarchand Mangaldas (CAM) advised GMR Visakhapatnam International Airport (GMR) on financing of Bhogapuram International Airport by way of a rupee facility of INR 3,215 crore from a consortium of 5 banks/financial institutions led by India Infrastructure Finance Company Limited. The proceeds of the loan will be utilized towards construction and development of Phase – I of Bhogapuram International Airport, which will cater…
Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies and Navi Finserv on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit, to Svatantra Microfin, a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crore. Chaitanya is engaged in business of providing microfinance loans to joint-liability groups and is…
Cyril Amarchand Mangaldas advised Aditya Birla Capital Limited (ABCL) on its fundraise through issuance of equity shares aggregating to INR 3000 crore. The Capital Markets practice of Cyril Amarchand Mangaldas advised ABCL on the transaction. The transaction team was led by Yash Ashar, Partner & Head Capital Markets; Abhinav Kumar, Partner & Regional Head Markets Practice (Western Region); with…
Cyril Amarchand Mangaldas acted as legal counsel for Adani Ports And Special Economic Zone Limited (APSEZ), in relation to the acquisition of Karaikal Ports Private Limited (KPPL), a company undergoing corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), for an aggregate purchase consideration of INR 1485 crore (Transaction). KPPL has…
Cyril Amarchand Mangaldas advised DMI Finance Private Limited (DMI Finance), a RBI registered Non-banking Financial Company (NBFC), on its USD 400 million equity fundraising led by Mitsubishi UFJ Financial Group, Inc (Mitsubishi UFJ). DMI Finance is a digital lender with products, including consumption, personal and MSME loans. Cyril Amarchand Mangaldas advised the DMI Group on the vendor due diligence…
Cyril Amarchand Mangaldas advised Essar in relation to the sale of its entire stake in certain ports and power infrastructure assets to ArcelorMittal Nippon Steel India Limited (AMNSIL), for an aggregate amount of USD 2.4 billion. As part of the transaction: Essar Ports & Terminals Limited, Mauritius, has sold to AMNSIL certain ports assets of…
Cyril Amarchand Mangaldas advised Biocon Limited (Biocon), in relation to the sale of shares by Biocon Limited in Syngene International Limited (Syngene International), by way of a bulk trade on the stock exchanges, aggregating to INR 1220.28 crores. The Capital Market Practice of Cyril Amarchand Mangaldas advised Biocon for the transaction and assisted with, reviewing, and finalizing the transaction…
Bose K. Varghese has joined Cyril Amarchand Mangaldas (cam) as a Senior Director – ESG Practice. He will be spearheading the Firm’s ESG practice across offices and will be based at Mumbai. Varghese has over 32 years of experience. Before joining the Firm, he was with Infosys Limited as Head of Green Initiatives from 2015, where…
India Grid Trust (IndiGrid), India’s first power infrastructure investment trust (InvIT), announced the completion of acquisition of 100% stake in two solar assets with cumulative capacity of 100 MW (AC) from Fotowatio Renewable Ventures (FRV) at an enterprise value of ~INR 6.6 Bn. “With this acquisition, our asset portfolio will now consist of 14 diversified…
Sameer Chugh to join Cyril Amarchand Mangaldas (CAM) as a Partner in its Corporate practice and will be based in the Firm’s Delhi office. He will also have a special focus in Technology, Media & Telecommunication (TMT) and Regulatory space. He serves as Group General Counsel at Bharti Enterprises till June 30 and joins the Firm on July…
In its move to strengthen its Financial Institutions Group (FIG) and regulatory bench Cyril Amarchand Mangaldas (CAM) announced joining of three former senior regulators, Lily Vadera, Former Executive Director, Reserve Bank of India (RBI), P. K. Nagpal, Former Executive Director, Securities and Exchange Board of India (SEBI) and Nilesh Sathe, Former Whole Time Member of the Insurance Regulatory and Development Authority…
Cyril Amarchand Mangaldas (CAM) has announced joining of three former senior regulators, Lily Vadera, Former Executive Director, Reserve Bank of India (RBI), P. K. Nagpal, Former Executive Director, Securities and Exchange Board of India (SEBI) and Nilesh Sathe, Former Whole Time Member of the Insurance Regulatory and Development Authority of India (IRDAI) as Senior Advisors.…
Cyril Amarchand Mangaldas (CAM) announced the appointment of Ketaki Gor Mehta as a Partner in its GIFT City, Gandhinagar office and she will be based in the GIFT City office. This appointment is part of Firm’s continuing growth strategy and enabling support to its GIFT City clients. Ketaki has over 16 years of experience in advising on mergers…
JSPL announced that it has agreed to divest 96.42% stake in Jindal Power Limited to Worldone Private Limited. The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives, the statement…
Mr. Arjun Goswami has joined Cyril Amarchand Mangaldas as Director – Public Policy Practice. He will be heading the Firm’s public policy practice across offices and will be based at Mumbai and New Delhi. Before joining the Firm, he was with Asian Development Bank (ADB), Manila, Philippines as a Chief, Regional Cooperation and Integration Thematic Group (RCI) from…