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CAM acted as legal counsel to JSW Steel Limited (“Client”) in relation to the acquisition of entire shareholding of Saffron Resources Private Limited. Saffron holds lands admeasuring about 887 acres in Dhenkanal District, Odisha.
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.
CAM advised and assisted Arkade Developers Limited, a listed company, in the acquisition of 100% of the share capital (on a fully diluted basis) of Filmistan Private Limited.
Shardul Amarchand Mangaldas & Co. acted as legal counsel to the REA Group in relation to its strategic divestment of 100% stake held in PropTiger Marketing Services Private Limited to Aurum PropTech Limited , an Indian listed entity.
CAM is representing Adani Enterprises Limited and Adani Commodities Limited on ACL’s sale of up to 20% of its shareholding, in AWL Agri Business Limited to Lence Pte. Ltd. a wholly owned subsidiary of Wilmar International Limited.
Cyril Amarchand Mangaldas acted as legal counsel to JSW Energy Limited (as successful bidder) for availing credit facility of INR 12,475 Crore from State Bank of India for implementation of resolution plan.