Cyril Amarchand Mangaldas (CAM) advised Vedanta Limited (“Seller“) on the offer for sale of 63,605,891 equity shares of face value of Rs. 2 each (“Equity Shares“) of its subsidiary, Hindustan Zinc Limited (“Company“), by way of an offer for sale through a separate designated window of the Stock Exchanges on August 16, 2024 and August 19, 2024, representing 1.51% of the total issued and paid-up Equity Share capital of the Company. The floor price for the offer for sale was set as Rs. 486 per Equity Share. Citigroup Global Markets India Private Limited and JM Financial Institutional Securities Limited acted as the brokers on the transaction.
The Capital Markets team of Cyril Amarchand Mangaldas advised on the matter. The transaction was led by Yash Ashar, Senior Partner; Devaki Mankad, Partner; with support from Sanjana Ravjiani, Senior Associate;
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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, 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.
