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The divestment was undertaken through on-market block trades on the stock exchanges pursuant to an accelerated bookbuild process, with the units acquired by a range of institutional investors.
The Oxane Partners group is engaged in the business of providing technology-enabled solutions for private credit markets.
The transaction comprises of a secondary acquisition of shares from the Promoters and Tata Capital Healthcare Fund II and, a primary subscription to shares proposed to be issued by the Target Company.
Swathi Girimaji’s practice covers mergers and acquisitions, venture capital investments, private equity and general corporate matters, including significant experience in the technology, education, health tech, fintech and consumer sectors.
The Transaction is expected to close in Q1 2027, subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions.
CAM’s role included advising and assisting with the structuring and compliances with applicable legal and regulatory requirements as well as drafting and finalising of documents, disclosures and filings, in relation to the Preferential Issue.
The Transaction is proposed to be completed in tranches and remains subject to regulatory approvals.
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).
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.
Cyril Amarchand Mangaldas advised Cornerstone Ventures Enterprise Tech Fund II on its investment in Groyyo Private Limited.
The Seller, a holding company of Medicover held ~65% in SHCPL, and SHCPL in turn has 5 subsidiaries which together operate 26 hospitals across Telangana, Andhra Pradesh, Karnataka and Maharashtra.
CAM advised on structuring the transaction and on drafting and finalising the transaction documents, including the corporate secretarial documents.
Cyril Amarchand Mangaldas acted as Indian legal counsel to Morgan Stanley India in connection with the sale of 41.61 million equity shares of Shadowfax Technologies Limited by Eight Roads Investments Mauritius II Limited for an aggregate consideration of ₹852.55 crore through screen-based trades on the NSE and BSE on July 24, 2026.
CAM acted as legal counsel to TPG in connection with its acquisition of 100% of the share capital of Aseem Infrastructure Finance Limited (AIFL).
FirstClub engages in the business of wholesale trading including sale of goods and merchandise through both online and offline channels.
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.
Sarvam AI is developing a full-stack, sovereign AI platform custom-tailored for Indian languages, data, and governance.
Advice is regarding its acquisition of stake in Plum Benefits Private Limited through subscription and secondary purchase of compulsorily convertible preference shares. The transaction included regulatory advisory concerning Plum Benefits and its IRDAI-registered insurance broking subsidiary.
The transaction involved Norwest’s subscription to compulsorily convertible preference shares of Goyaz and the purchase of equity shares from the founders.
CAM also advised Hafele India Private Limited on a long-term contract manufacturing arrangement with Isler.