Cyril Amarchand Mangaldas (CAM) advised ICICI Securities Limited, Axis Capital Limited, IIFL Capital Services Limited, and HDFC Bank Limited (the "Brokers") in their role as brokers for the offer for sale of equity shares with a face value of INR 2 each (“Equity Shares”) of Hindustan Zinc Limited (the “Company”) through a separate designated window of the Stock Exchanges on November 08, 2024, conducted by the President of India, acting through the Ministry of Mines, Government of India (“Offer”). As part of the Offer, the President of India sold 7,43,93,540 Equity Shares, representing 1.76% of the Company’s total issued and paid-up equity share capital at a floor price of Rs. 505.
The Capital Markets team at Cyril Amarchand Mangaldas advised on the matter. The transaction team was led by Ravi Dubey, Partner & Co-head - Capital Markets (Western Region); and Puneet Passi, Partner; with support from Radhika Pandey, Senior Associate.
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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