Bringing you the Best Analytical Legal News
The partnership combines Forvia’s expertise in seating systems and technology with Anand Group’s established network, customer relationships, and deep knowledge of the Indian automotive ecosystem.
The divestment was undertaken through on-market block trades on the stock exchanges pursuant to an accelerated bookbuild process, with the units acquired by a range of institutional investors.
The team was led by Gokul Rajan, Partner (Regional Co-Head – Capital Markets – North); with the support from Adwait Deshmukh, Senior Associate; and Archit Jain, Associate.
The SAM team was led by Taranjeet Singh, Partner, Kanwardeep Singh, Counsel, with support from Pundrikaksh Sharma, Senior Associate, and Vishal Jain, Associate
The transaction was led by Aashima Johur, Partner; with support from Medhashree Verma, Senior Associate.
The investment is intended to support the development and construction of ACME’s pipeline of green molecule projects across India and the Middle East, underpinning the next phase of growth of its energy transition business.
CAM also advised TRLK on the related technology/IP license arrangement and supply agreement.
The transaction represents a significant institutional investment in India’s evolving beauty and wellness sector and supports the continued scaling and institutionalisation of a founder-led platform operating at the intersection of consumer beauty, wellness and medical aesthetics.
Bengaluru-based Popo Global is a multi-brand restaurant platform operating popular food and beverage brands, including The Pizza Bakery, Paris Panini and Smash Guys. The transaction represents a significant private equity investment in India’s rapidly expanding organised food and quick-service restaurant sector.
As part of the transaction, upGrad acquired 100% of the share capital of Unacademy from its existing shareholders in consideration for the issuance of upGrad securities, deal valued at approximately USD 206 million. The transaction also contemplates the eventual merger of Unacademy into upGrad.
CAM’s role included advising and assisting with the structuring and compliances with applicable legal and regulatory requirements as well as drafting and finalising of documents, disclosures and filings, in relation to the Preferential Issue.
SAM had also advised Kotak Special Situations Fund on its initial investment in HKR Roadways in 2021 and subsequently on various refinancings, effectively acting as its counsel through the life of the investment.
Cyril Amarchand Mangaldas advised our client, Tilaknagar Industries one of India’s leading alcoholic beverage companies on its strategic investment in Black Tiger Distilleries Private Limited, an Indian spirits company engaged in tequila and agave spirits under the brand name ‘Bodega’.
Valued at approximately ₹3,030 crore (US$320 million), the sale was undertaken to facilitate compliance with the minimum public shareholding requirements prescribed under the Securities Contracts (Regulation) Rules, 1957 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CAM advised Hero MotoCorp Limited in connection with acquisition of additional stake of ~INR 1,758 crore in Ather Energy Limited, a listed company, by way of a secondary purchase.
CAM’s role included advising and assisting Hero MotoCorp on the structuring and compliance with applicable legal and regulatory requirements in connection with the fund raise, including negotiation and finalization of documents and disclosures relating to the preferential issue; and also on the qualified institutional placement, in its capacity as the promoter of Ather.
CAM advised The Great Eastern Shipping Company Limited on its ₹900 crore buyback of fully paid-up equity shares through the open-market stock exchange route
Cyril Amarchand Mangaldas has advised Neo Wealth Partners on its INR 230 crore investment in Keertana Finserv Ltd., marking a significant transaction in India’s financial services sector.
Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering Private Limited (housing the precision machined castings business of Ashok Iron Works Group).
S&R Associates represented MiddleGround Capital on Indian legal aspects of the sale of Dura Driver Control Systems to Aspire Biopharma Holdings, Inc., a listed U.S. biopharmaceutical company.