Cyril Amarchand Mangaldas Advises Aditya Birla Fashion and Retail

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Cyril Amarchand Mangaldas acted as the legal counsel to Aditya Birla Fashion and Retail Limited (Aditya Birla Fashion) in relation to its INR 995 crore fundraising by Aditya Birla Fashion by way of a Rights Issue (the Transaction).

The Capital Markets and General Corporate practices of Cyril Amarchand Mangaldas advised Aditya Birla Fashion as to Indian law on the Transaction. The Transaction team was led by Yash Ashar, Partner; and Abhinav Kumar, Partner; with support from Neha Samant, Principal Associate; Parth Desai, Associate; Surbhi Purohit, Associate; and Vanya Utkarsh, Associate, advised on capital markets aspect of the transaction.

Also Read

Nivedita Rao, Partner; with support from Rajalakshmi Natarajan, Senior Associate; and Sheetal S, Associate; advised on general corporate matters concerning the Issue.

As a part of the Transaction, Aditya Birla Fashion offered 90,465,693 partly paid-up Equity Shares for cash by way of Rights Issue at a price of INR 110 per Equity Share, including a premium of INR 100 per Equity Share, with the schedule of payment being (a) INR 55 on the application; (b) INR 27.5 on the first call in January 2021, and (c) INR 27.5 on the second call in July 2021) aggregating to a total of up to ~INR 995 crore (Issue).

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Other parties involved in the Transaction include ICICI Securities Limited, SBI Capital Markets Limited, Axis Capital Limited, BNP Paribas, and CLSA India Private Limited (Lead Managers to the Issue) Khaitan & Co. (Legal counsel to the Lead Managers as to Indian law) Squire Patton Boggs Singapore LLP (Special purpose international legal counsel to the Lead Managers) Link Intime India Private Limited (Registrar to the Issue). The Transaction closed on July 28, 2020.

Cyril Amarchand Mangaldas takes forward the values going back 103 years, of the erstwhile Amarchand & Mangaldas & Suresh A. Shroff & Co., whose pre-eminence, experience and reputation of almost a century have been unparalleled in the Indian legal fraternity.

Tracing its professional lineage to 1917, the Firm of Cyril Amarchand Mangaldas is now the largest full-service law firm in India, with over 750 lawyers including over 141 partners, and offices in India’s key business centers at Mumbai, New Delhi, Bengaluru, Hyderabad, Chennai, and Ahmedabad.

The Firm advises a large and varied client base, including domestic and foreign commercial enterprises, financial institutions, private equity funds, venture capital funds, start-ups, and governmental and regulatory bodies.

The firm, Cyril Amarchand Mangaldas, was recently awarded India Firm of the Year at the AsiaLaw Regional Awards 2019 and India Deal Firm of the Year at the In-House Community Counsels of the Year Awards 2019.

The Cyril Amarchand Mangaldas was also named as the Most Innovative National Law Firm of the Year India for 2018 at the IFLR Asia Awards, has also been successful in winning the prestigious & coveted National Law Firm of the Year, 2018 for India at the Chambers Asia-Pacific Awards.

The firm was also voted as the Employer of Choice for 2018 from India, by the Asian Legal Business, now 4 years in a row, building upon the several awards that the erstwhile Amarchand & Mangaldas & Suresh A. Shroff & Co. had won in the past.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS
Nothing Phone Enters US with Beta Membership Program Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India