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This transaction was Blackstone’s first OFS in India and was also the largest OFS in India’s private sector.
This Company is the first to be listed in the segment of growing multi-brand luxury omni-channel fashion platform in India. The equity shares of the Company commenced listing and trading on NSE and BSE on September 7, 2026.
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.
The Firm conducted a comprehensive review of the Company’s legal, regulatory and operational matters and prepared the vendor due diligence report which included an assessment of the key legal risks and considerations relating to the Company and its business.
The transaction results in a 100% acquisition of TAO Digital Solutions Inc., an US company which specializes in AI, data and cloud technologies, delivering solutions across a range of industry verticals.
Before joining Cyril Amarchand Mangaldas, Rohan and Kshitij worked at Shardul Amarchand Mangaldas’ New Delhi office.
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’.
The interim relief granted by the High Court paves way for Renew to participate in the bid process. The order assumes significance as the matter was time sensitive, and any further steps in the bid process without including Renew’s bid would have rendered the entire process infructuous for Renew.
The Transaction is proposed to be completed in tranches and remains subject to regulatory approvals.
The transaction was led by Aashima Johur, Partner; with support from Medhashree Verma, Senior Associate.
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.
The book running lead managers to the Issue were JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), SBI Capital Markets Limited and 360 ONE WAM Limited
Cyril Amarchand Mangaldas advises Marriott International on its landmark JW Marriott Residences portfolio projects in Gurugram, further strengthening the luxury hospitality brand’s presence in India.
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
SEBI passed an order on August 24, 2026, finding that the allegations against Axis Bank Limited and its wholly owned subsidiaries were not established. Accordingly, the proceedings were disposed of without any adverse findings or directions, or imposition of any penalty.
The promotions are effective from September 1, 2026.
The transaction is the first IPO by a KKR-promoted company in India.
The share exchange ratio is 25 equity shares of IHCL for every 117 equity shares of OHL, on an all-stock basis, with completion targeted in the second half of FY2028 and an Appointed Date of April 1, 2027.
The business transfer agreement was signed on August 17, 2026; and closing of the sale is subject to completion of the conditions set out under the business transfer agreement.