Cyril Amarchand Mangaldas advised Elevation Capital V Limited, SAIF III Mauritius Company Limited and SAIF Partners India IV Limited (collectively, the “Sellers”) with respect to the sale of equity shares of One97 Communications Limited (the “Company”) by the Sellers undertaken on the floor of the NSE and BSE. The Sellers have sold an aggregate of 14,900,000 equity shares of the Company (approx. 2.33% of the equity share capital of the Company) by way of share sales on the screen-based trading of NSE and BSE on August 4, 2026 in the block trade window, for an aggregate consideration of Rs. 199,607.85 million (approx.).
The transaction team was led by Ravi Dubey, Partner (Regional Co-Head – Capital Markets – West); with support from Adwait Deshmukh, Senior Associate; and Khushi Parekh, Associate.