Cyril Amarchand Mangaldas (“CAM”) advised Godrej Properties Limited (“GPL”), on issuance of equity share capital aggregating up to INR 6,000 crore by way of a qualified institutions placement (“Issue"). The Issue was undertaken by GPL in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Section 42 of the Companies Act, 2013. The Issue was launched on November 27, 2024, and closed on December 2, 2024. The Issue was subscribed nearly four times. The allotment was completed on December 2, 2024.
GPL is the leading residential real estate development company in India in terms of booking value for financial year 2024, with a focus on developing residential projects. The transaction team comprised of Yash Ashar, Senior Partner; and Devaki Mankad, Partner & Regional Co-Head - Capital Markets - West; with the support from Rishav Buxi, Senior Associate; Urmil Shah, Associate; Hitesh Nagpal, Associate; Gaurav Lalwani, Associate.
Other parties to the transaction included: Kotak Mahindra Capital Company Limited; BofA Securities India Limited; Jefferies India Private Limited; and Morgan Stanley India Company Private Limited (Acted as Book Running Lead Manager/s to the Issue)
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
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