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Valued at approximately ₹3,030 crore (US$320 million), the sale was undertaken to facilitate compliance with the minimum public shareholding requirements prescribed under the Securities Contracts (Regulation) Rules, 1957 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The transaction involved a unique pre-closing restructuring exercise, wherein Carmel Point India Investments Limited, a wholly owned special purpose vehicle of CPIL, underwent voluntary liquidation, followed by an in specie distribution of its assets, including its shareholding in IndiaFirst Life Insurance Company Limited, to its parent entity as a condition precedent to the proposed acquisition.
The joint venture combines MEIL’s expertise in large-scale infrastructure execution with Analog’s intelligent sensing and infrastructure optimisation capabilities.
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.
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.
SAM has earlier advised Advent in its control acquisition of Suven Pharmaceuticals Limited by way of a share purchase and mandatory open offer.
Approval covers the proposed stake purchase and subsequent amalgamation of JB Chemicals with Torrent.
Shardul Amarchand Mangaldas & Co. acted as legal counsel to Oriental Structural Engineers Private Limited in connection with its divestment of 100% equity stake in Rajiv — Chowk (Sohna) Highway Private Limited.
Shardul Amarchand Mangaldas & Co. acted as legal counsel to JTRF, advising on the transaction structure, drafting and negotiation of the supply and service agreements, and coordinating closing formalities across multiple jurisdictions.
The transaction achieved a recovery of approximately INR 2500 Crores for creditors, including 74.89% for secured financial creditors.
The SAM team was involved in involved in advising PMI on litigation strategy, drafting court pleadings, and representing the client through all stages of the proceedings.
In a simultaneous set of transactions, MGI BV will acquire an 11% stake in Shinnichi Kogyo Co. Ltd. (in which Yutaka Giken already holds 62%) and SAMIL (either directly or through a wholly owned subsidiary) will acquire 100% of the shares and voting rights in Yutaka Autoparts India Private Limited.
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 acquisition is the first third party acquisition by Mindspace Business Parks REIT outside its Portfolio Parks.
Harshita has over 16 years of extensive experience, specialising in advising and representing clients on private equity investments, exits, and cross-border mergers and acquisitions.
Engineering Projects (India) Ltd., a Government of India undertaking, was represented by Shardul Amarchand Mangaldas & Co., which successfully argued that the ICC arbitration, seated in Singapore, was oppressive, unconscionable, and contrary to the public policy of India.
Shardul Amarchand Mangaldas & Co. advised Rane (Madras) Limited (RML)
Shardul Amarchand Mangaldas & Co. acted as Indian legal counsel to the Asian Infrastructure Investment Bank (AIIB)
Shardul Amarchand Mangaldas & Co. acted as legal counsel to the Trichem Group
India’s leading Law Firm, Shardul Amarchand Mangaldas