Cyril Amarchand Mangaldas advised Cemindia Projects Limited (“Company”) on its qualified institutional placement of equity shares aggregating to approximately INR 1,400.00 crores (“Issue”).
The Issue was undertaken by the Company in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Section 42 of the Companies Act, 2013.
The Issue opened on October 14, 2026, and closed on October 19, 2026. The allotment pursuant to the Issue was completed on October 19, 2026.
SBI Capital Markets Limited, ICICI Securities Limited and IIFL Capital Services Limited acted as lead managers to the Issue.
The Company, a part of the Adani group, is one of the leading engineering and construction companies in India. It has an operating history spanning more than nine decades in undertaking heavy civil, infrastructure and engineering, procurement and construction projects in India and selected overseas markets.
The transaction team was led by Devaki Mankad, Partner (Regional Co-Head – Capital Markets – West); with assistance from Raksha Raina, Senior Associate; Archit Jain, Aniruddh Saraswat, Aditya Maheshwari, Aria Seth, Akshat Sharma and Jahnavi Seethamraju, Associates.
