Cyril Amarchand Mangaldasadvised on the initial public offering (“IPO”) by Asset Reconstruction Company (India) Limited (“Company”) as the legal counsel to the BRLMs to Indian law.
The IPO comprised of an offer for sale by institutional investors including Avenue India, Federal Bank, Lathe Investment and SBI, aggregating to INR 7,350 million (“Offer”). The Offer was a landmark transaction, being the first-ever initial public offering and listing of an asset reconstruction company (“ARC”) in India.
The transaction was led by Ravi Dubey, Partner (Regional Co-Head – Capital Markets – West); with support from Urmil Shah, Senior Associate; Zeb Burk, Akshita Dhawan, Gaurav Lalwani, Harsha Menon, Alok Antony and Syamantak Sinha, Associates.
