Cyril Amarchand Mangaldas (CAM) has advised India’s CarTrade Tech on its 30-billion-rupee ($411 million) IPO, with IndusLaw and Sidley Austin representing the book-runners and lead managers. AZB & Partners counselled the selling shareholders.
Founded in 2009, CarTrade, an Indian online auto classifieds platform, is backed by marquee investors such as Warburg Pincus, Temasek, JPMorgan, and March Capital.
The CAM team was led by Yash Ashar and Vijay Parthasarathi.
Indian law firm Cyril Amarchand Mangaldas has advised NHAI InvIT (National Highways Infra Trust) (NHIT), a privately listed infrastructure investment trust, on the $740 million issuance of its units by way of an institutional placement to eligible investors.
Indian law firm Shardul Amarchand Mangaldas & Co has hired a second capital markets partner in 2024 with the addition of partner Rohit Tiwari from rival Cyril Amarchand Mangaldas in Mumbai.
Latham & Watkins and Cyril Amarchand Mangaldas have advised a Japanese consortium on its $370 million primary investment into India’s AG&P LNG Marketing.