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.
Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.
Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.
Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.