Cyril Amarchand Mangaldas advised IPO bound SAEL Industries Ltd. in relation to a USD 20 million investment by Norwegian state-owned fund Norfund
Norfund’s current investment takes its total investment in SAEL Industries Limited to USD 130 million. Cyril Amarchand Mangaldas had also previously advised SAEL Industries Limited on its fundraise from Norfund and United States International Development Finance Corporation in 2023 and 2024.
The transaction team was led by Aditi Manchanda, Partner; with assistance from Kushal Ramotre, Director – Corporate Transactions; and Kaushik Raichura, Associate.
Puneet Passi, Partner; advised on capital markets related aspects.
