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CAM also advised on and drafted a power purchase agreement to be entered into between the Borrower and Evonith Value Steel Limited and Evonith Metallics Limited (as the Sponsors).
The proceeds of the QIP are proposed to be utilized towards re-payment and /or prepayment of certain outstanding borrowings of the Company and certain of its subsidiaries, and general corporate purposes.
CAM advised Adani Ports and Special Economic Zone Ltd. on the strategic investment by Mundi Ltd., a subsidiary of Terminal Investment Ltd., in a significant infrastructure transaction.
The issuance comprises two tranches: (i) USD 500 million of 6.875% Additional Tier 1 capital notes perpetual in nature; and (ii) USD 300 million of 5.348% senior unsecured fixed-rate notes. The bonds are listed on the Global Securities Market of India International Exchange (IFSC) Limited; and the Debt Securities Market of NSE IFSC Limited.
The Business Transfer Agreement was signed on June 30, 2026. Closing of the sale is subject to completion of the conditions set out under the Business Transfer Agreement.
Turtlemint is a tech-enabled insurance distribution platform that connects customers, insurance advisors and insurers, offering retail insurance products and other financial products on its platform.
The Proposed Merger shall create a financing entity with an aggregate loan book of over INR 11 lakh crore, and the combined entity is valued at approx. INR 2.42 lakh crores. The deal involved extensive discussions with the Ministries and other governmental authorities for finalisation of the scheme and overall structuring of the Proposed Merger.
The bid process culminated with ARTL emerging as the successful bidder whereafter ARTL incorporated an SPV namely, M/s Indore Gujarat Road Limited to substitute the Existing Concessionaire for the Project. With NHAI’s approval on the implementation of the substitution and also on the financing arrangement availed by ARTL from YES Bank Ltd for funding the consideration amount for the substitution, the parties executed definitive documents for successful implementation of the substitution.
CAM acts as lenders’ legal counsel to International Finance Corporation and India Infrastructure Finance Company Ltd.
Cyril Amarchand Mangaldas acted as lenders’ legal counsel to International Finance Corporation (IFC) and India Infrastructure Finance Company Ltd. (IIFCL), advising on a significant financing transaction.
CAM advises BNP Paribas and J.P. Morgan on sale of shares of DOMS Industries by F.I.L.A. Fabbrica Italiana Lapis Ed Affini S.p.A.
The Seller has sold 4,248,184 equity shares of the Company (approx. 7.00% of the equity share capital of the Company) for an aggregate consideration of INR 9,347.43 million on June 17, 2026.
Cyril Amarchand Mangaldas is advising the National Stock Exchange of India Limited on its proposed IPO, involving an offer for sale by certain existing shareholders and one of India’s most significant capital markets transactions.
Cyril Amarchand Mangaldas is advising Jio Platforms Ltd. on its proposed initial public offering, acting as legal counsel on one of India’s significant anticipated capital markets transactions.
Ankita graduated from NALSAR, Hyderabad in 2008. She has been named as a ‘Notable Practitioner’ for Aviation in AsiaLaw 2025 rankings.
FirstClub engages in the business of wholesale trading including sale of goods and merchandise through both online and offline channels.
Sarvam AI is developing a full-stack, sovereign AI platform custom-tailored for Indian languages, data, and governance.
The Transaction is structured as an interconnected multi-jurisdictional acquisition, with simultaneous closing across jurisdictions.
Cyril Amarchand Mangaldas (CAM) advised Union Bank of India in connection with a ₹2,443 crore loan facility extended to Ananthapuram II Power Transmission Ltd. for the development of the Renewable Energy Zone (REZ) Phase II transmission project.
CAM successfully represented the BCCI in the present remand- proceedings, where comprehensive arguments were advanced demonstrating that the BCCI does not meet any of the mandatory conditions prescribed under Section 2(h) of the RTI Act, for being classified as a ‘public authority’.
The project is expected to advance India’s energy security objectives, while also reflecting the government’s broader push for infrastructure development in the region, making it a project of both economic and geopolitical strategic significance.
The NCLAT held that the NCLT had failed to comply with the mandatory procedural safeguards applicable to contempt proceedings and, therefore, the impugned order could not be sustained. While setting aside the contempt order, the NCLAT also granted certain fact-specific directions in the matter.