Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Cyril Amarchand Mangaldas Advises Avenue Supermarts Limited on its INR 4098 Cr. QIP

Posted On: 2020-02-20 17:18:55

India's largest law firm Cyril Amarchand Mangaldas (CAM) acted as the Indian legal counsel to Avenue Supermarts Limited (that runs DMart retail network) on its INR 4,098 crore fund raise through Qualified Institutional Placement (QIP).

The Capital Markets Practice of Cyril Amarchand Mangaldas advised Avenue Supermarts on the QIP. The Transaction Team was led by Yash Ashar, Partner & Head - Capital Markets; and Abhinav Kumar, Partner; with support from Neha Samant, Principal Associate; Tania Chourasia, Associate, Vanya Utkarsh, Associate; and Akanksha Prakash, Trainee - Legal.

As a part of the Transaction, Avenue Supermarts issued 20,000,000 equity shares of face value of INR 10 each at a price of INR 2,049 per equity share, including a premium of INR 2,039 per equity share.

Other parties and advisors involved in the transaction included:

Kotak Mahindra Capital Company Limited, Axis Capital Limited, DSP Merrill Lynch Limited, HSBC Securities and Capital Markets (India) Private Limited, IDFC Securities Limited, JM Financial Limited, and J. P. Morgan India Private Limited, who acted as the Book Running Lead Managers to the Issue.

IndusLaw acted as the Indian legal counsel to the Book Running Lead Managers.

Herbert Smith Freehills LLP acted as the International Legal Counsel to the Book Running Lead Managers.

The date of closing was February 11, 2020.

Shares of Avenue Supermarts Ltd was last trading in BSE at Rs.2461.8 as compared to the previous close of Rs. 2425. The total number of shares traded during the day was 80001 in over 6168 trades.

The stock hit an intraday high of Rs. 2484.1 and intraday low of 2430.55. The net turnover during the day was Rs. 197210171.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Moody's assigns Ba1 CFR to Motherson Sumi Systems Limited

High Energy Batteries India Ltd approves reappointment of Dr G A Pathanjali as Managing Director

Fitch revises rating of India Infoline Finance Ltd

Fitch places long-term issuer default rating of Manappuram Finance Ltd on Rating Watch Negative

Embassy Group supports Traffic Police at the forefront of Covid-19 Crisis

NMDC takes steps to fight COVID-19, to protect employees and maintain production

CRISIL updates on ratings of Thomas Cook India Ltd

Delta Corp Ltd board approves buy back of Rs. 125 crore through market purchase

NTPC completes acquisition of stake from Government of India in NEEPCO and THDC

Fitch revises ratings of Shriram Transport Finance Company Ltd

Ind-Ra affirms long term rating of Genus Power Infrastructures Ltd

Fitch Downgrades 3 Indian NBFIs, On Negative Watch; 4th on Negative Watch

Maruti Suzuki mobilizes production of ventilators, masks and PPE to support India's preparation against COVID-19

MEP Infrastructure Developers Ltd's SPV suspends toll collection at Mumbai

CRISIL assigns ratings to bank facilities of DCM Nouvelle Ltd

TVS Motor Company announces Service Support for customers

Rising Pharmaceuticals and Laurus Labs partner to support University of Minnesota to explore the prohylaxis effect of Hydroxychloroquine in essential health care workers

Tata Motors Ltd announces rejig of Passenger Vehicles business

Ind-Ra reaffirms rating of HeidelbergCement India Ltd

Lupin and Mylan announce Positive European Medicines Agency opinion recommending approval of Nepexto®, Biosimilar Etanercept

ICRA reaffirms rating of Graphite India Limited

TVS Motor Company and Sundaram-Clayton Ltd. announce spending of INR 30 crore to support nationwide efforts to combat COVID-19

Shuakhevi Hydro Power Project in Georgia commences Commercial Production

Dish TV India's OTT App WATCHO premieres '4 Thieves,' a new original quirky comedy series

ICICI Bank invests in Auxilo Finserve Pvt. Ltd.

Godrej Group stands in solidarity with India's efforts to overcome COVID-19

ITC sets up Rs 150 crores COVID Contingency Fund for vulnerable sections of society

Phoenix Mills Limited's rating placed on 'Watch Negative'

TCS Named a Leader in 2020 Gartner Magic Quadrant for Managed Workplace Services, Asia / Pacific

Dr. Reddy's Laboratories Ltd board approves borrowings, sale of CDMO division

Biocon & Biocon Biologics Ensuring Manufacturing of Life-Saving Medicines for Patients, Partners and Customers

Laurus Labs donates Hydroxychloroquine IP 200mg tablets, Rs. 50 lakhs fund

NTPC Ltd to acquire THDC India Ltd

CARE reaffirms long-term rating of CSL Finance Ltd

Maharashtra Seamless Ltd acquires offshore jack up drilling rig

CARE affirms rating of Piramal Enterprises Limited

Lupin appoints Ramesh Swaminathan as Chief Financial Officer and Head Corporate Affairs

CARE revises rating of Modison Metals Ltd

Nxtdigital Ltd divests 81,92,089 shares of Hinduja Leyland Finance Ltd

NTPC Ltd to acquire 3,60,98,09,800 shares of NEEPCO

ICRA retains long term rating of Sanghvi Movers Ltd

Dalmia Bharat suspends cement production across nation to curb spread of Covid 19

ICRA reaffirms credit rating of Jamna Auto Industries Ltd

Bringing back the Joy of Reading: Airtel and Juggernaut announce FREE access to thousands of e-books on Juggernaut Books

Relief measures for customers announced by Canara Bank

NLC India Ltd updates on phase out process of TPS-1

NACL Industries Ltd Board declares Interim Dividend of Rs. 0.10

Employee initiatives announced by Kotak Mahindra Group in view of the ongoing Covid-19 crisis

Suzuki Motor Gujarat extends production shutdown till Apr 14, 2020

NIIT Develops Actionable Roadmaps and Toolkits to Help Learning and Development Organizations Minimize COVID-19 Impact







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019