Cyril Amarchand Mangaldas advised Fusion Finance on its rights issue of partly paid-up equity shares. The deal size was INR 8,000 million approx. The rights issue was subscribed 1.5 times. IIFL Capital Services was the lead manager to this deal.
The Firm also advised the promoters of Fusion Finance, Warburg Pincus, and Creation Investments regarding their participation in the rights issue.
The partly paid-up equity shares issued pursuant to the rights issue commenced trading on BSE and NSE on May 12, 2025.
The transaction team included Vishal Yaduvanshi, Partner, Regional Co-Head Markets Practice — Northern Region; Abhyuday Bhotika, Partner; with the support from Mihir Mathur, Senior Associate; Rajshree Agarwal, Associate; Nimisha Sharma, Associate; Kaartikay Agarwal, Associate; and Sanskar Modi, Associate.
Additionally, Vasudha Goenka, Partner; and Navjot Chhabra, Associate; advised on certain aspects of securities laws
