Cyril Amarchand Mangaldas advises Book Running Lead Managers on IPO undertaken by Juniper Green Energy Ltd.
The Company is among the top 10 largest renewable independent power producers in India by total capacity as at March 31, 2026.
The Company is among the top 10 largest renewable independent power producers in India by total capacity as at March 31, 2026.
CAM also advised Amit Kumar Lohia and Gaurav Lohia, promoters of the Company, and certain other shareholders of the Company in their secondary Pre-IPO sale of Equity Shares of the Company aggregating to ₹2,949.50 million.
The equity shares of Juniper Green Energy Limited were listed on BSE Limited and the National Stock Exchange of India Limited on 6 August 2026.
The transaction involved an offer for sale of approximately INR 5,000 crore, undertaken by BCI IRR India Holdings Inc., BCI IRR India Holdings Limited Partnership, Cube Highways and Infrastructure II Pte. Ltd., Cube Highways and Infrastructure III Pte. Ltd., Cube Mobility Investments Pte. Ltd. and Seventy Second Investment Company LLC.
The transaction marks the first successful conversion of a privately listed InvIT into a publicly listed InvIT in India, representing a significant milestone in the evolution of India’s listed infrastructure investment market. Continuing its streak, SAM has acted on every public offering by an InvIT/REIT this calendar year.
The Company operates India’s largest multispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals. The book running lead managers on this deal were Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited and DBS Bank India Limited.
S&R Associates advised UltraTech Cement Limited on its INR 50 billion issuance of listed non-convertible debentures through private placement.
The equity shares of Manipal Health Enterprises Limited were listed on BSE Limited and the National Stock Exchange of India Limited on 5 August 2026.
Cyril Amarchand Mangaldas advised Elevation Capital V Limited, SAIF III Mauritius Company Ltd. and SAIF Partners India IV Ltd. on the block sale of equity shares of One97 Communications Ltd.
S&R Associates advised Equirus Capital and Motilal Oswal, the book running lead managers, on Lohia Corp Limited’s ₹11.01 billion initial public offering.
SAM advised on all aspects of Indian law relating to the transaction, including the regulatory framework applicable to the issuer under the GIFT City IFSC regime, the structuring of the offering, the review, negotiation and finalisation of the offering circular and transaction documents, including the bond documentation, trust deeds and corporate guarantees. SAM also acted as the listing agent for the listing of the Bonds on NSE IX.
The IPO is the largest public offering in India in 2026 to date and marks a significant milestone for the Indian capital markets. The equity shares were listed on the stock exchanges on 21 July 2026.
The aggregate proceeds to Amundi and SBI were INR 116.75 billion (approx. US$ 1.21 billion), with INR 97.95 billion (approx. US$ 1.02 billion) raised in the IPO and INR 18.80 billion (approx. US$ 195.25 million) in the pre-IPO secondary sales.
The issue was priced at a 2.76% premium to the floor price determined in accordance with applicable law and saw participation from marquee institutional investors, including ADIA and affiliates of mutual funds and insurance companies such as ICICI Prudential Life Insurance, HDFC Life Insurance, LIC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund and HSBC Mutual Fund, among others.
S&R Associates has announced the appointment of Reuben Chacko as a Partner in its Bengaluru office, along with the induction of Rushab Dhandokia and Aniran Ghoshal as Retained Partners in its Mumbai office, further strengthening the firm’s capital markets practice.
The QIP was undertaken to ensure compliance with the minimum public shareholding as prescribed under the Securities Contracts (Regulations) Rules, 1957.
CAM had also advised on the previous qualified institutional placement undertaken by Adani Enterprises Limited in October 2024.
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.
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 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.