Cyril Amarchand Mangaldas advises Kliff Ventures on its investment in Brewbay Innovations
Brewbay Innovations Private Limited operates quick service restaurants under the brand name ‘abCoffee’.
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Brewbay Innovations Private Limited operates quick service restaurants under the brand name ‘abCoffee’.
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This was the first notification before the CCI where the regulator assessed the cash replenishment services market within the broader ATM services sector.
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The Firm’s leadership now stands at 193 Partners and 17 Counsel, within a team of over 1,000 lawyers across its offices in India.
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Jefferies India Private Limited acted as the book running lead manager on the transaction.
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This is India’s first judicial ruling to consider the application of copyright law and the fair dealing exception under the Copyright Act 1957, in context of the training and operation of artificial intelligence systems, including large language models (LLMs).
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The IPO is the largest public offering in India in 2026 to date and marks a significant milestone for the Indian capital markets. The equity shares were listed on the stock exchanges on 21 July 2026.
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The aggregate proceeds to Amundi and SBI were INR 116.75 billion (approx. US$ 1.21 billion), with INR 97.95 billion (approx. US$ 1.02 billion) raised in the IPO and INR 18.80 billion (approx. US$ 195.25 million) in the pre-IPO secondary sales.
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The financing is undertaken to part fund the development of Khaba Renewable Energy’s 250 MW solar power project in Rajasthan and to partially refinance an existing bridge facility availed by the company.
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The transaction results in a full exit for the Company’s existing shareholders, True North and Temasek, Reeba Chacko, Senior Partner; provided strategic guidance.
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The issue was priced at a 2.76% premium to the floor price determined in accordance with applicable law and saw participation from marquee institutional investors, including ADIA and affiliates of mutual funds and insurance companies such as ICICI Prudential Life Insurance, HDFC Life Insurance, LIC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund and HSBC Mutual Fund, among others.
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CAM acted as legal advisor for Dixon. Its role included undertaking legal due diligence on VMI, advising on structuring of the transaction, and review and negotiation of transaction documents (including joint venture agreement, shareholders agreement and asset purchase agreement).
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S&R Associates has announced the appointment of Reuben Chacko as a Partner in its Bengaluru office, along with the induction of Rushab Dhandokia and Aniran Ghoshal as Retained Partners in its Mumbai office, further strengthening the firm’s capital markets practice.
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Mr. Kapur has been consistently recognised as a leading Projects, Infrastructure & Energy lawyer in India and is ranked in the top tier by several independent surveys and legal directories.
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The transaction is one of the largest project financing transactions undertaken under India’s revamped External Commercial Borrowing (ECB) regime, underscoring continued foreign banks appetite for large-scale renewable energy infrastructure and innovative financing structures in the sector.
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Cyril Amarchand Mangaldas has advised Cult.Fit Limited on its proposed initial public offering , providing legal guidance and support for the company’s public issue plans.
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The QIP was undertaken to ensure compliance with the minimum public shareholding as prescribed under the Securities Contracts (Regulations) Rules, 1957.
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Neytra and Saurav are part of the firm’s Corporate & Commercial and Capital Markets & Securities Law practice groups.
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Basava Rao and Shabbeer Ahmed have joined as Partners in the Corporate and Dispute Resolution practice respectively, along with Vasavi Kaparthi and Aneesh Vempati coming in as Counsel in the Real Estate and Dispute Resolution practices.
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CAM had also advised on the previous qualified institutional placement undertaken by Adani Enterprises Limited in October 2024.
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CAM acted as legal counsel to TPG in connection with its acquisition of 100% of the share capital of Aseem Infrastructure Finance Limited (AIFL).
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