Cyril Amarchand Mangaldas advises Accel on follow-on investment in FirstClub’s Series B round
FirstClub engages in the business of wholesale trading including sale of goods and merchandise through both online and offline channels.
FirstClub engages in the business of wholesale trading including sale of goods and merchandise through both online and offline channels.
The Company operates as a green molecules platform engaged in the production, processing, storage, supply, transport, distribution, and sale of hydrogen and its derivatives, along with related infrastructure business models including build-own-operate structures and associated environmental attribute services.
Cyril Amarchand Mangaldas advised Indian Bank in connection with a lease rental discounting facility of up to INR 300 crore extended to Ambale Industrial and Logistics Parks Private Limited, a Welspun group entity.
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.
ACME Solar Holdings Limited is a renewable energy company in India with a portfolio of solar, wind, battery energy storage system, hybrid and firm and dispatchable renewable energy projects.
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.
True North acquired a significant minority stake in Embio Limited, a leading manufacturer of complex APIs and advanced intermediates focused on regulated markets and a key player in the controlled substances sector.
Ingredion is a leading MNC specialising in manufacture of value-added ingredient solutions for the food, beverage, brewing, pharmaceuticals, and industrial markets). Sanstar is a listed Indian manufacturer of corn-based specialty products and ingredient solutions.
CAM’s mandate included strategic advisory, reviewing and negotiating transaction documents, finalising corporate authorisations, and advising on corporate and securities law aspects of the transaction.
Hiral joined erstwhile Amarchand & Mangaldas & Suresh A. Shroff & Co. in 2007. She has also worked with K Raheja Corp as Vice President Legal for Commercial vertical. Hiral graduated from Government Law College, Mumbai in 2005.
The transaction marks the culmination of over two decades of stressed asset resolution by SASF, India’s first bad bank, established to acquire and recover stressed loan assets transferred from IDBI in 2004.
The Maharashtra Electricity Regulatory Commission (MERC) has directed Indian Railways to make an interim payment of ₹3,351 crore towards outstanding Cross Subsidy Surcharge (CSS) and Additional Surcharge dues claimed by Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order is the first regulatory ruling implementing the Supreme Court’s 8 May 2026 judgment affirming Railways’ liability for CSS and Additional Surcharge on open access electricity consumption.
Cyril Amarchand Mangaldas advised Elevation Capital V Limited and its affiliates on the sale of equity shares of One97 Communications Limited through block trades on NSE and BSE. The transaction was executed for an aggregate consideration of approximately ₹963.6 crore.
Cyril Amarchand Mangaldas advised JSW Energy Limited on the sale of 25 million equity shares of JSW Steel Limited through screen-based trades on NSE and BSE. The transaction represented approximately 1.02% of JSW Steel’s equity share capital and was valued at around ₹3,150 crore.
Cyril Amarchand Mangaldas advised JSW Energy Limited on acquisition of an 8.33% stake in Toshiba JSW Power Systems Private Limited from Toshiba Corporation for ₹150 crore. Following the transaction, JSW Energy’s shareholding in the turbine generator manufacturing company will increase to 10.73% on a fully diluted basis.
Cyril Amarchand Mangaldas advised Urban Realtech Private Limited, a BPTP group company, on the proposed joint development of an 11-acre land parcel in Sector 39, Faridabad with Emerald Infrahome LLP. The mandate covered title due diligence, regulatory and PLPA compliance assessments, and drafting of joint development and ancillary transaction documents for the group housing project.