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The transaction is subject to regulatory approvals and shareholder and creditor approvals will be sought for the amalgamation.
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
Cyril Amarchand Mangaldas advised NXT-Infra Trust on its acquisition of five highway companies from entities belonging to the Actis Group and KMC Constructions Limited, for consideration comprising preferentially issued units and cash.
The IPO was oversubscribed 74.21 times overall and the equity shares listed at a premium of approximately 38% over the IPO price.
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.
IBCL and ZCPL have entered into a share purchase agreement with the promoters of the Target Company to acquire 2,38,44,000 equity shares held by them.
The book running lead managers to the Offer were Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited and 360 ONE WAM Limited.
Cyril Amarchand Mangaldas advised Nxt-Infra Trust and the Lead Managers, NovaaOne Capital Private Limited and Ambit Private Limited, on the institutional placement of Trust units aggregating to ₹7,001.50 million.
Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering Private Limited (housing the precision machined castings business of Ashok Iron Works Group).
S&R Associates represented MiddleGround Capital on Indian legal aspects of the sale of Dura Driver Control Systems to Aspire Biopharma Holdings, Inc., a listed U.S. biopharmaceutical company.
The Company is a private life insurer registered with the Insurance Regulatory and Development Authority of India (“IRDAI”). The other shareholders of the Company include Bank of Baroda and Union Bank of India.
HCLTech is a leading global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.
The Company is among the top 10 largest renewable independent power producers in India by total capacity as at March 31, 2026.
The funding round saw participation from multiple domestic and international investors, including Yamaha Motor Co. Ltd., Toyota Ventures Frontier Fund I, L.P., Al-Futtaim Auto International LLC, Mitsui & Co., Ltd., Marubeni Ventures Inc. and Maniv Mobility II, L.P.
Cyril Amarchand Mangaldas advised Standard Chartered Bank and certain other lender(s) (Lenders) in relation to the fund-based and non-fund based facilities.
CAM also advised Amit Kumar Lohia and Gaurav Lohia, promoters of the Company, and certain other shareholders of the Company in their secondary Pre-IPO sale of Equity Shares of the Company aggregating to ₹2,949.50 million.
Cyril Amarchand Mangaldas advised Saints & Masters Private Ltd. on its strategic buyout of Xencia, a leading Cloud Solution Provider.
The transaction involved an offer for sale of approximately INR 5,000 crore, undertaken by BCI IRR India Holdings Inc., BCI IRR India Holdings Limited Partnership, Cube Highways and Infrastructure II Pte. Ltd., Cube Highways and Infrastructure III Pte. Ltd., Cube Mobility Investments Pte. Ltd. and Seventy Second Investment Company LLC.
The transaction marks the first successful conversion of a privately listed InvIT into a publicly listed InvIT in India, representing a significant milestone in the evolution of India’s listed infrastructure investment market. Continuing its streak, SAM has acted on every public offering by an InvIT/REIT this calendar year.
The Company operates India’s largest multispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals. The book running lead managers on this deal were Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited and DBS Bank India Limited.