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The JOA marks a major step in unlocking the hydrocarbon potential of the 5,454 sq. km Category-II offshore block, awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. Operated by ONGC with a 40% participating interest, the consortium will leverage advanced exploration technologies and deepwater expertise to accelerate India’s offshore energy development.
This transaction will allow the GMR Group to execute the proposed one-time settlement with the lenders of GMR Rajahmundry Energy Limited, reduce debt by INR 4,400 crore.
The value of this deal was approximately USD 3 billion as consideration for the repurchase of a portion of its Class B ordinary shares held by Trip.com.
The execution of the share purchase agreement has led to the trigger of a mandatory tender offer by M&M under the SEBI Takeover Regulations pursuant to which an open offer has been made by M&M to the eligible public shareholders to acquire up to 26% of the aggregate voting share capital of SML Isuzu.
This deal marks financial closure of Phase 1 of HPCL’s green energy initiative, which is currently focused on captive usage for HPCL’s group companies.
Cyril Amarchand Mangaldas advised QpiAI India Private Limited on its Series A fund raise of USD 32 million, led by new investors: Avataar Capital and National Quantum Mission, Department of Science and Technology, Government of India, with participation from other new and existing investors.
JSA advised Allianz Group on the binding agreement entered between Allianz SE’s wholly owned subsidiary Allianz Europe B.V. and Jio Financial Services Limited to form a 50:50 domestic reinsurance joint venture in India, subject to receipt of statutory and regulatory approvals.
Shardul Amarchand Mangaldas & Co. advised Travel Food Services Limited (“Issuer”) on the initial public offering of its equity shares, through an offer for sale valued at approximately USD 233 million by Kapur Family Trust.
Cyril Amarchand Mangaldas acted as the legal advisors to the Adani Foundation
Lakshmikumaran and Sridharan Attorneys (LKS) advised and acted for the Brenntag group (“Brenntag”) in the sale of 100% of Raj Petro Specialities Private Limited (“Raj Petro”) to Shell group.
Cyril Amarchand Mangaldas acted as legal counsels to Central Bank of India
Cyril Amarchand Mangaldas has advised and represented Nazara Technologies Limited
Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors (CoC) of Vadraj Cement Limited (VCL)
We acted as legal counsel to Elev8 Capital (lead investor), in their participation in Series D
Cyril Amarchand Mangaldas advised Samayat Services LLP
Cyril Amarchand Mangaldas advised Hexa Climate (the portfolio company of I-Squared Capital), in structuring and execution of a novel afforestation project in
Shardul Amarchand Mangaldas & Co. advised ICICI Bank Limited
Cyril Amarchand Mangaldas advised Fusion Finance on its rights issue of partly paid-up equity shares
CAM acted as legal counsel to GMR Nagpur International Airport Limited
Cyril Amarchand Mangaldas (CAM) advised GPS Renewables Private Limited on investment by Sojitz Corporation