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The issue was priced at a 2.76% premium to the floor price determined in accordance with applicable law and saw participation from marquee institutional investors, including ADIA and affiliates of mutual funds and insurance companies such as ICICI Prudential Life Insurance, HDFC Life Insurance, LIC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund and HSBC Mutual Fund, among others.
The transaction is one of the largest project financing transactions undertaken under India’s revamped External Commercial Borrowing (ECB) regime, underscoring continued foreign banks appetite for large-scale renewable energy infrastructure and innovative financing structures in the sector.
CAM acted as legal counsel to TPG in connection with its acquisition of 100% of the share capital of Aseem Infrastructure Finance Limited (AIFL).
Shardul Amarchand Mangaldas advised on the review, negotiation and finalization of the share purchase agreement governing the sale of AIFL’s shares to TPG and related transaction documents.
The proceeds of the QIP are proposed to be utilized towards re-payment and /or prepayment of certain outstanding borrowings of the Company and certain of its subsidiaries, and general corporate purposes.
CAM advised Adani Ports and Special Economic Zone Ltd. on the strategic investment by Mundi Ltd., a subsidiary of Terminal Investment Ltd., in a significant infrastructure transaction.
The judgment reinforces that Government procurers must adhere strictly to prescribed contractual remedies and procedural safeguards before imposing commercially significant consequences such as debarment or risk-purchase liability on suppliers.
The proceeds of the QIP are proposed to be utilized towards re-payment and /or prepayment of certain outstanding borrowings of the Company and certain of its subsidiaries, and general corporate purposes.
This includes an investment of INR 4000 Crores in CtrlS and a commitment of up to INR 3000 Crores to form a joint venture with CtrlS to develop hyperscale data centres across India.
University of New South Wales has been granted a Certificate of Registration from University Grants Commission for setting up a campus at Bengaluru
CAM acts as lenders’ legal counsel to International Finance Corporation and India Infrastructure Finance Company Ltd.
Cyril Amarchand Mangaldas acted as lenders’ legal counsel to International Finance Corporation (IFC) and India Infrastructure Finance Company Ltd. (IIFCL), advising on a significant financing transaction.
SAM acts as Domestic Legal Counsel to Craftsman Automation Ltd. on its ₹2,000 Crore Qualified Institutions Placement
This transaction represents the Company’s third significant capital markets fundraising exercise, following its initial public offering in 2021 and an earlier QIP in 2024, underscoring continued investor confidence in the Company’s business and growth strategy.
Founded by Keshav Reddy, Equal AI started as a data-sharing and identity infrastructure company before entering the business of consumer AI systems in October, 2025. The Company’s AI caller assistant solution enables users to screen spam calls, identify callers, understand call intent and perform actions on behalf of users.
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.
Following the transaction, Arai Solutions has become a wholly owned subsidiary of IKS.
Cyril Amarchand Mangaldas advised Megha Engineering & Infrastructures Limited and its subsidiary MEIL Energy Private Limited on acquisition of 100% shares of TAQA Neyveli Power Company Limited
The transaction involved Norwest’s subscription to compulsorily convertible preference shares of Goyaz and the purchase of equity shares from the founders.
The acquisition enables LMEL to enhance its pellet production capabilities, strengthening its raw material security and support in long term growth strategy in line with its core business operations.
This initiative represents a significant leap forward in expanding UPI’s global reach and redefining the future of cross-border payments for millions of Indian consumers and merchants.
Cyril Amarchand Mangaldas acted as legal counsel for ReNew Private Limited on the sale of 100% of its wholly owned subsidiary, ReNew Sun Bright Private Limited