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The offer, priced at ₹395 per share, comprised an offer for sale and included employee reservation. The equity shares were listed on BSE and NSE on April 2, 2026.
Advice is regarding its acquisition of stake in Plum Benefits Private Limited through subscription and secondary purchase of compulsorily convertible preference shares. The transaction included regulatory advisory concerning Plum Benefits and its IRDAI-registered insurance broking subsidiary.
Cyril Amarchand Mangaldas advised State Bank of India on ₹12,000 crore term debt extended to JSW Sambalpur Steel Limited for part financing the acquisition of Bhushan Power & Steel Limited’s steel business undertaking through a slump sale on a going concern basis.
The financing supports expansion of city gas distribution networks across multiple geographical areas in India.
The transaction involves acquisition of an Antonov Group SPV and expansion of industrial park capacity across approximately 38 acres.
The project, India’s highest-rated VSC-based HVDC system, is a key step in strengthening renewable energy transmission infrastructure.
The transaction strengthens National Highways Infra Trust’s role in advancing India’s National Monetisation Pipeline and infrastructure investment landscape.
The OFS, representing 1.71% stake, was conducted through the stock exchange mechanism at a floor price of ₹104 per share.
The transaction strengthens AMI Paradigm’s capabilities in large-scale government technology systems and digital infrastructure solutions.
The transaction involved demerger and amalgamation of NBFC and asset management businesses, alongside regulatory, ESOP, and competition law advisory.
Cyril Amarchand Mangaldas represented a consortium of lenders including MUFG Bank and Sumitomo Mitsui Banking Corporation on ECB and guarantee facilities extended to Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions. The financing supports a major 6000 MW HVDC transmission project spanning Rajasthan and Uttar Pradesh.
The firm also advised promoter selling shareholders on Indian law aspects. The shares were listed on BSE and NSE on March 11, 2026
The transaction marks one of the largest renewable energy IPOs of 2026, attracting strong investor interest despite volatile capital market conditions.
The financing supports the development of a 300 MWAC solar power project in Bikaner, Rajasthan, with NHPC Limited as the power offtaker.
The transaction strengthens infrastructure investment in India’s road sector and reflects growing institutional interest in operational HAM highway projects.
Upon completion, QBE will hold 100% ownership of the insurer, marking the first transaction enabling full foreign ownership in an Indian insurance company following the recent FDI liberalisation.
Cyril Amarchand Mangaldas advised Standard Chartered Bank’s Head of CRES for India, ASEAN and South Asia on the bid process sale of a prime office unit in the Crescenzo Business District at Bandra Kurla Complex (BKC), Mumbai, spanning over 27,000 sq. ft., along with rights to 27 car parking spaces.
The transaction involved a combination of primary investment and secondary acquisition from existing investors, including Stakeboat Capital, reflecting continued investor interest in India’s healthcare services sector.
The collaboration aims to expand a globally recognised early childhood education model in India by integrating ELV’s learning environment with Lighthouse Learning’s growing network of premium education brands.
RMZ will invest up to ₹1,283 crore in the project, marking a significant real estate collaboration in the NCR region.