Cyril Amarchand Mangaldas(CAM) advises Trust Group and others (“Client”) on investment in Indiabulls Real Estate Limited (“Issuer”), a public listed company, through subscription to equity shares and share warrants in the preferential allotment by the Issuer. The preferential allotment was undertaken for an amount aggregating to INR 3908 crores. The Client invested in equity shares and share warrants for a total amount of approximately INR 918 crores.
CAM played a crucial role as legal advisor, assisting with the overallstructuring of the transaction, drafting and negotiating transaction documents, smooth execution and closing of the transaction.
The General Corporate team of Cyril Amarchand Mangaldas advised on the matter. The overall transaction was completed under the guidance and with the strategic inputs of Leena Chacko, Partner.
The Transaction team was led by Ruetveij Pandya, Partner; Molla Hasan, Partner; with support from Manjri Singh, Associate; and Sajith Anjickal, Associate.
The team led by Dhruv Rajain, Partner; with support from Ananya Mahant, Associate; and Svyambhuv Talwar, Associate; advised on the competition law related aspects of the transaction.
The transaction documents were signed on 5th April, 2024 and closing took place on 21st May, 2024.
____________________________________________
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, Singapore and Abu Dhabi.
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.
