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Khaitan & Co. advised Bling Brands Private Limited on its INR 400 crore Series B funding round from The Wealth Company Alternates Trust — Bharat Value Fund, involving negotiations, finalisation and execution of transaction documents, and closing of the transaction.
Khaitan & Co advised Aditya Infotech Limited and the Lead Managers, ICICI Securities Limited and IIFL Capital Services Limited, on its Qualified Institutional Placement (QIP) aggregating to INR 15,000 million.
A portion of this QIP’s proceeds is proposed to be used for financing capital expenditure towards defence equipment capabilities. SAM also previously advised the lead managers on Bharat Forge’s ₹1,650 crore QIP in December 2024.
The facility is being availed for the construction, operation and maintenance of five data centre projects at Ellikatta District, Telangana, Hyderabad.
The S&R team was led by partner Jabarati Chandra, and included associates Akshaya Rengan, Thambiah Jayaram and Pooja Menon.
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.
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.
The transaction also included a pre-IPO INR 0.50 billion secondary sale of equity shares by the selling shareholders.
The transaction is the first IPO by a KKR-promoted company in India.
The initiative has been positioned as a first-of-its-kind warranty commitment in the plywood industry.
The IPO was subscribed 99.38 times overall, with the qualified institutional buyers’ portion subscribed 122.80 times, the non-institutional investors’ portion 88.99 times and the retail individual investors’ portion 46.42 times.
SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited and Jefferies India Private Limited acted as lead managers to the Issue.
The book running lead managers to the Offer were Axis Capital Limited, BofA Securities India Limited, JM Financial Limited, and Kotak Mahindra Capital Company Limited.
LEAP India is the largest on-demand asset pooling provider in India’s supply chain management sector, based on the number of pooled assets, according to the F&S Report.
Cyril Amarchand Mangaldas advised Cornerstone Ventures Enterprise Tech Fund II on its investment in Groyyo Private Limited.
The QIP was undertaken to ensure compliance with the minimum public shareholding as prescribed under the Securities Contracts (Regulations) Rules, 1957.
The joint venture combines MEIL’s expertise in large-scale infrastructure execution with Analog’s intelligent sensing and infrastructure optimisation capabilities.
Cyril Amarchand Mangaldas acted as legal advisors to Canada Pension Plan Investment Board in the phased divestment of its entire 49% stake in Island Star Mall Developers Private Limited to The Phoenix Mills Limited.
Cyril Amarchand Mangaldas advised Coventry University, United Kingdom (Coventry University), in setting up of its International Branch Campus