Shardul Amarchand Mangaldas & Co (SAM & Co) advised GMR Energy Limited in sale of its 100% stake in GMR Kamalanga Energy Limited (“Target”) to JSW Energy Limited. GMR Energy Limited shall also procure balance stake in the Target from IIF and IDFC First Bank, to enable JSW Energy Limited acquire 100% stake in the… Read More +
Shardul Amarchand Mangaldas & Co (SAM & Co) advised, as legal counsel, Apollo Hospitals Enterprise Limited, Apollo Energy Company Limited and the promoter shareholders of Apollo Munich Health Insurance Company Limited (AMHI) (now known as HDFC ERGO Health Insurance Limited), in a transaction involving the sale of approximately 51.20% stake in AMHI held by the… Read More +
Shardul Amarchand Mangaldas & Co advised Norwest Venture Partners in its Series E Investment in Veritas Finance Private Limited. The deal is worth approx. USD 48.7 million. SAM has previously acted for Norwest in its earlier investment into Veritas Finance. Norwest is a leading multi-stage investment firm managing approximately USD 9.5 billion in capital.… Read More +
Shardul Amarchand Mangaldas & Co (SAM & Co) advised SBI cards and Payment Services Limited and State Bank of India to make an initial public offering of equity shares of face value ₹ 10 each of the Company for cash at a price of ₹ 755 per share. It comprised of a fresh issue of… Read More +
Shardul Amarchand Mangaldas & Co advised LGT Lightstone Aspada in its Series B round investment in Vivriti Capital Private Limited, an online enterprise debt platform and lender. LGT Lightstone Aspada acquired less than 26% of the shareholding of the Vivriti Capital and the deal is valued at approx. INR 3500 million. The deal closed on… Read More +
Shardul Amarchand Mangaldas & Co advised Kubota Corporation, Japan in an acquisition of 9.09% of the equity stake in Escorts Limited for approx. INR 1,042 Crores and subsequent sale of 40% of the equity stake in KAI to Escorts Limited. The deal was signed on March 20, 2020. This investment is Kubota Corporation’s first… Read More +
