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The buyback is being undertaken from all eligible shareholders on a proportionate basis through the tender offer route, at a price of INR 1,450 per equity share, payable in cash, for an aggregate amount not exceeding INR 300,00,00,000.
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.
The public issue was subscribed 52.93 times in total, 11.67 times in the retail category and 164.68 times in the Qualified Institutional Buyers (QIB) category. The Non-Institutional Investors (NII) segments with bids of between ₹2 to ₹10 lakhs and above ₹10 lakhs were subscribed 119.37 and 72.94 times respectively.
CAM acted as legal counsel to Adani Road Transport Limited, a wholly owned subsidiary of Adani Enterprises Limited, in relation to its signing of definitive agreements to acquire 100% equity stake in Yashodhan Highways Private Limited and KN Highways Development Private Limited from DRN Infrastructure.
The Transaction involved undertaking legal due diligence on Q Tech India and execution of the transaction documents – the share subscription & purchase agreement and the shareholders’ agreement.
CAM advised a consortium of lenders led by Deutsche Bank AG and MUFG Bank on (i) an external commercial borrowing of upto USD 675 Million extended to JSW Neo Energy Limited and (ii) a hedge facility of upto USD 675 Million from Deutsche Bank AG, MUFG Bank and Standard Chartered Bank.
CAM assisted the Prestige Group with their new township project in the NCR Region viz.
Kokuyo Co. Ltd. (Japan), a leading office furniture and stationery manufacturer, has completed its acquisition of 100% of the equity interest of HNI Office India Limited