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Cyril Amarchand Mangaldas acted as legal counsel for ReNew Private Limited on the sale of 100% of its wholly owned subsidiary, ReNew Sun Bright Private Limited
The Company is a leading electronics manufacturing company with products such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves.
Everest Reinsurance Company, IFSC Branch received the IFSCA Certificate of Registration for undertaking reinsurance business in IFSC as an IFSC Insurance Office at the GIFT City, Gujarat, India, on September 19, 2025.
CAM had also advised Cactus Partners Fund I on its first Intangles Lab Private Limited participating in the Pre-Series B funding with Baring Private Equity India.
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 proceeds of the Debentures were utilized for inter alia implementation of the resolution plan submitted by Independent Sugar Corporation Limited, a Bermuda incorporated entity in respect of Hindusthan National Glass & Industries Limited (“HNG”) and working capital and capital expenditure requirements of HNG.
CAM also advised Hafele India Private Limited on a long-term contract manufacturing arrangement with Isler.
This comprised sale of 5.94 % stake by the Seller in the Company for a reported aggregate amount of INR 951.21 crores.
Cyril Amarchand Mangaldas advised Sammaan Capital on the proposed investment of USD 1 billion by an affiliate of International Holding Company P.J.S.C. (IHC), a global investment company, for acquisition of 43.46% stake and control of the Company.
Cyril Amarchand Mangaldas advised Hiranandani Financial Services Private Limited and its founders, Harsh Hiranandani and Neha Hiranandani, in their debut equity investment round.
IPO comprised of a fresh issue aggregating to Rs. 8,200 million and an offer for sale by some investor selling shareholders of the Company, aggregating to Rs. 7,206.50 million.
This landmark transaction will help establish that Indian debt capital markets have the ability and depth to finance such large ticket acquisitions and is one of the largest acquisition financings in the Indian healthcare space.
This acquisition will strengthen NDTV’s strategic positioning in the broadcasting industry, diversify and expand its operational capabilities and enhance long-term stakeholder value.
Following this transaction, DRAL will become the first Centre of Excellence for the Falcon series outside France, including the Falcon 6X and Falcon 8X programmes.
The transaction documents have been signed in the presence of the Hon’ble Prime Minister of Bhutan, Dasho Tshering Tobgay and Mr. Gautam Adani, Chairman, Adani Group.
Pursuant to the setting up of the above JV Platform, Sattva Group and Bain Capital also led Colive’s Series B fundraise.
D P Jain TOT Toll Roads Private Limited operates the Palanpur-Radhanpur-Samakhayali section of National Highway-27 from KM 536+000 to KM 430+100 in Gujarat on a TOT model.
CAM acted as legal counsel to Cactus Partners Fund I on its additional investment of approx. $4 million in series A1 fund raise round of Indigrid Technology Private Limited.
The advisory encompassed both direct and indirect tax domains, with a strategic focus on aligning Bybit’s diverse global product suite with Indian tax laws.
The SPA contemplates a sale of up to 50.1% of the shareholding held by True North in the Company, and will result in India Resurgence Fund acquiring control of the Company, and consequently, triggering a mandatory open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.