Deal Closed | Amber Enterprises India Limited | Qualified Institutions Placement
Amber Enterprises India raises Rs 400 cr via QIP.
The details of the deal are as under:
Announcement Date: 07-Sep-2020
Completion Date: 10-Sep-2020
Name of Client: Amber Enterprises India Limited
Deal Description: Qualified institutions placement of 22,47,191 equity shares of face value of INR 10 each of Amber Enterprises India Limited, at a price of INR 1,780 per equity share, aggregating to approximately INR 40,000 lakhs. Edelweiss Financial Services Limited and JM Financial Limited were the book running lead managers to the offering.
Total Consideration: INR 40000 lakhs (USD 55 million)
Team Members: Sudhir Bassi (Executive Director), Gautham Srinivas (Partner), Devi Prasad Patel (Senior Associate), Sathvik Ponnappa (Senior Associate) and Sai Saket Rachakonda (Associate)
Role of Firm: Indian legal counsel to the company for the Issue.
Other legal advisors if any Indian legal counsel to the BRLMs - Cyril Amarchand Mangaldas, International legal counsel to the BRLMs - Squire Patton Boggs (MEA) LLP
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