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The mandate involved multi-practice due diligence including regulatory, infrastructure, data protection, and compliance aspects for this cross-border transaction.
The shares commenced trading on BSE and NSE on April 1, 2026, with the firm providing comprehensive legal advisory across all aspects of the capital raising transaction.
The financing is aimed at refinancing existing debt for 136 MWp solar power projects located in Karnataka and Telangana.
The offer, priced at ₹395 per share, comprised an offer for sale and included employee reservation. The equity shares were listed on BSE and NSE on April 2, 2026.
Advice is regarding its acquisition of stake in Plum Benefits Private Limited through subscription and secondary purchase of compulsorily convertible preference shares. The transaction included regulatory advisory concerning Plum Benefits and its IRDAI-registered insurance broking subsidiary.
The Tribunal dismissed the petition, recognising the existence of a pre-existing dispute and upholding the relevance of the arbitration clause in the contractual arrangement.
Cyril Amarchand Mangaldas advised State Bank of India on ₹12,000 crore term debt extended to JSW Sambalpur Steel Limited for part financing the acquisition of Bhushan Power & Steel Limited’s steel business undertaking through a slump sale on a going concern basis.
The financing supports expansion of city gas distribution networks across multiple geographical areas in India.
The transaction involves acquisition of an Antonov Group SPV and expansion of industrial park capacity across approximately 38 acres.
The project, India’s highest-rated VSC-based HVDC system, is a key step in strengthening renewable energy transmission infrastructure.
The transaction strengthens National Highways Infra Trust’s role in advancing India’s National Monetisation Pipeline and infrastructure investment landscape.
The OFS, representing 1.71% stake, was conducted through the stock exchange mechanism at a floor price of ₹104 per share.
The transaction strengthens AMI Paradigm’s capabilities in large-scale government technology systems and digital infrastructure solutions.
The transaction involved demerger and amalgamation of NBFC and asset management businesses, alongside regulatory, ESOP, and competition law advisory.
Cyril Amarchand Mangaldas represented a consortium of lenders including MUFG Bank and Sumitomo Mitsui Banking Corporation on ECB and guarantee facilities extended to Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions. The financing supports a major 6000 MW HVDC transmission project spanning Rajasthan and Uttar Pradesh.
The firm also advised promoter selling shareholders on Indian law aspects. The shares were listed on BSE and NSE on March 11, 2026
The transaction marks one of the largest renewable energy IPOs of 2026, attracting strong investor interest despite volatile capital market conditions.
Cyril Amarchand Mangaldas advised the Ministry of Petroleum and Natural Gas, Government of India, on drafting the Petroleum and Natural Gas Rules, 2025 under the Oilfield (Regulation and Development) Amendment Act, 2025. The firm also assisted in revising the Model Revenue Sharing Contract under the Open Acreage Licensing Policy.
The financing supports the development of a 300 MWAC solar power project in Bikaner, Rajasthan, with NHPC Limited as the power offtaker.
The transaction strengthens infrastructure investment in India’s road sector and reflects growing institutional interest in operational HAM highway projects.