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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.
The transaction involved multidisciplinary advisory on structuring, real estate diligence, financing documentation, regulatory compliance and acquisition documentation.
The firm assisted with transaction structuring, due diligence, documentation, negotiations, and closing under a share subscription and shareholders’ agreement.
Cyril Amarchand Mangaldas acted as lenders’ legal counsel to a consortium of leading global banks on a USD 400 million external commercial borrowing facility extended to Piramal Finance Limited, marking one of the most significant cross-border financing transactions in India’s NBFC sector.
Cyril Amarchand Mangaldas advised Deutsche Bank AG and Axis Bank Limited on GMR Hyderabad International Airport Limited’s ₹2,100 crore listed, secured, rated non-convertible debentures issuance, acting for the arrangers and initial NCD holders in one of the significant airport infrastructure bond transactions.
Cyril Amarchand Mangaldas advised Inox Clean Energy Limited and SkyPower Group on the 100% sale of SkyPower Services MENA Ltd. and a strategic joint venture with RJ Corp to expand into Africa’s renewable energy sector, targeting 2.5 GW capacity through solar projects in DRC, Zambia and Zimbabwe.
Cyril Amarchand Mangaldas advised Kwality Wall’s (India) Limited on the listing of its equity shares on BSE and NSE following the demerger of Hindustan Unilever Limited’s ice cream business into KWIL under a scheme of arrangement. The firm also acted as sole transaction counsel to HUL on the demerger and listing.
The transaction supports large-scale residential development in Bengaluru and Chennai and involved multidisciplinary advisory on corporate structuring, financing documentation, regulatory compliance, and land diligence.
The transaction involves a 100% stock purchase and strengthens MPS’s global footprint in digital healthcare solutions.
The deal involved complex structuring considerations due to TCC being a listed company and included competition law assessment by the firm’s regulatory team.
The financing enabled implementation of an NCLT-approved resolution plan, facilitating creditor payments and the acquisition of full ownership and management control by an entity backed by Welspun Group and Ashdan Properties.
The listing marks a major milestone for India’s technology-led logistics sector and one of the notable IPOs in the digital commerce ecosystem.
The IPO was led by major book running lead managers and marked a significant milestone for India’s adtech and media technology sector.
Cyril Amarchand Mangaldas advised Juspay Technologies Private Limited on its Series E funding round led by WestBridge Capital, along with advising VEF AB (publ) on the partial sale of its stake in Juspay.
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 transaction involves a significant stake sale, preferential allotment, and a mandatory open offer, marking a major shift in the company’s ownership structure.