Cyril Amarchand Mangaldas (CAM) advised Aditya Birla Capital Limited on the offer for sale of equity shares of face value ₹5 each (“Equity Shares”) of Aditya Birla Sun Life AMC Limited (the “Company”),through a separatedesignatedwindowoftheStockExchanges(“Offer”).TheOffer comprised of an offer for sale by the promoters ofthe Company, namely, Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. (the “Promoters”). BofA Securities India Limited, IIFL Securities Limited, JefferiesIndiaPrivate Limited, and Spark Institutional Equities Private Limited (a subsidiaryofAvendus Capital Private Limited), acted as the brokers to the Offer.
The Promoters have collectively sold 3,21,46,438 Equity Shares representing 11.16% of the total issued and paid-up Equity Share capital of the Company.
The Capital Markets team of Cyril Amarchand Mangaldas advised on the matter. The transaction team was led by Yash Ashar, Partner & Head Capital Markets and Abhinav Kumar, Partner& Regional Head Markets Practice (Western Region); with support from Shubham Sancheti, Senior Associate; & Indira Satish, 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,financialinstitutions, 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.
