Cyril Amarchand Mangaldas advises Morgan Stanley
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Cyril Amarchand Mangaldas acted as Indian legal counsel to Morgan Stanley India in connection with the sale of 41.61 million equity shares of Shadowfax Technologies Limited by Eight Roads Investments Mauritius II Limited for an aggregate consideration of ₹852.55 crore through screen-based trades on the NSE and BSE on July 24, 2026.

CAM lender's legal counsel IFC
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The transaction team was involved in structuring, documentation, negotiations and providing advice on all relevant Indian legal matters in relation to the transaction. The transaction structure was unique as the financing was provided outside of the ECB framework.