Cyril Amarchand Mangaldas acted as legal counsel to Jio Platforms Limited for its proposed initial public offering of equity shares. The company has filed a draft red herring prospectus for an offer of up to 270 million equity shares as part of the proposed IPO.
M. K. Sons Fine Jewels Limited has proposed an IPO of up to 17 million equity shares, comprising a fresh issue of 13.6 million shares and an offer for sale of 3.4 million shares. Kanga & Co is advising both the company and lead manager Aryaman Financial Services on the transaction.
Elevation Capital V Limited sold equity shares of One97 Communications Limited (Paytm’s parent company) on the NSE and BSE for a total consideration of Rs.963.6 crore. Cyril Amarchand Mangaldas advised Elevation Capital and its affiliates as legal counsel for the transaction.
Cyril Amarchand Mangaldas advised JSW Energy Limited on acquiring an 8.33% stake in Toshiba JSW Power Systems Private Limited for INR 150 crore. The deal involved purchasing 34,69,59,135 equity shares from Toshiba Corporation and marked a investment for JSW Energy.
Trilegal, one of India’s leading law firms, advised the Book Running Lead Managers DAM Capital, Motilal Oswal Investment Advisors, and SBI Capital Markets in the proposed IPO of Arohan Financial Services Limited. The IPO includes a fresh issue and an offer for sale.
Cosmic PV Power Limited plans a Rs.640 crore IPO, featuring a Rs.540 crore fresh issue and a Rs.100 crore OFS by promoters and investors. CMS INDUSLAW is advising the company on the public issue as it moves forward.
Trilegal advised a group of selling shareholders on Rentomojo’s proposed IPO, a major step for the rental platform. The offering includes a fresh issue of equity shares up to INR 1,500 million and an offer for sale of 28,399,567 shares.
