Cyril Amarchand Mangaldas played a key role as legal counsel. SBL Energy Limited (“SBL Energy”) entered into definitive documents to raise growth capital by issuance of securities to 3 investors, Synergy Capital (DIFC) Fund I General Partner LTD, India SME Investments – Fund I and Mr. Mukul Agrawal. SBL Energy is the second largest industrial explosive company in India and caters to infrastructure and mining sector.
CAM assisted SBL Energy and its promoters to merge business from associated companies into SBL Energy and advised in structuring, negotiation and drafting key agreements.
The General Corporate team of Cyril Amarchand Mangaldas advised on the transaction. Siddharth Hariani, Partner; with support from Vaishnavi Eshwar, Senior Associate; and Piyush Langade, Associate.
Other advisors to the transaction included BDO India LLP, acted as financial advisor.
The was signed on 14th February 2024.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government, and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
