Skip to main content

news

 

Cyril Amarchand Mangaldas has advised real estate developer Prestige Estates Projects on its $595 million qualified institutional placement of shares. Trilegal and White & Case advised the lead managers on the deal.

The lead managers included JM Financial, CLSA India, JP Morgan India, and Kotak Mahindra Capital.

The QIP route has gained in popularity in 2024, with 55 companies raising close to $7 billion on Indian markets in the first eight months of the year – the second-highest number ever after 2020.

CAM and Trilegal also advised on Adani Energy’s $1 billion QIP in August, while CAM and Khaitan advised on mining giant Vedanta’s $1 billion QIP in July.

CAM’s team on the deal comprised partner Reuben Chacko, principal associate Rushab Dhandokia, and associates Ayushi Agarwal, Harsha Menon, Abhilash Pillai, Ritha Ulbyre, Shivani Subbaiah, and Akshaya BS.

Trilegal’s capital markets team was led by partners Bhakta Patnaik and Brajendu Bhaskar, who were supported by attorneys Aditya Dsouza, Jahanvi J., Akanksha Goel, Pratyusha Dasgupta and Kavya Krishnaswamy.

Trilegal’s real estate team also assisted on the deal, led by partner Mridul Kumbalath and supported by attorneys Ganashruthi M U, Yunus Nawab and Rajat Deepak Kalal.

The White & Case team on the deal included partners Rahul Guptan (London) and Kaya Proudian (Singapore), and associates Yuning Zhou and Paul Qu (both Hong Kong).

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.

JSA, CAM, Samvad support EQT’s $210 mln acquisition of Indostar Home Finance

by Nimitt Dixit |

JSA Advocates & Solicitors has advised global investment firm EQT on its $210 million acquisition of Indostar Home Finance, an Indian affordable housing finance company, which was represented by Cyril Amarchand Mangaldas and Samvad Partners.

CAM, Trilegal act on Adani’s latest $500mln QIP

by Nimitt Dixit |

Cyril Amarchand Mangaldas has represented Adani Enterprises, the Adani Group’s flagship entity, on its $500 million qualified institutional placement, with Trilegal advising the placement agents SBI Capital Markets, Jefferies India, and ICICI Securities.