Cyril Amarchand Mangaldas (CAM) and AZB & Partners advise on Sterlite Technologies Limited’s INR 15,000 million QIP.
Sterlite Technologies Limited (“STL”) undertook a qualified institutions placement of equity shares aggregating to approximately INR 15,000 million. STL is a leading global manufacturer of optical fibre, optical fibre cables and connectivity solutions, with a presence across multiple geographies and a diversified product portfolio serving communication and digital infrastructure markets. The proceeds of the QIP are proposed to be used for repayment and/or prepayment of borrowings of the company and its subsidiaries, along with general corporate purposes.
Cyril Amarchand Mangaldas advised Sterlite Technologies Limited on the QIP.
The Cyril Amarchand Mangaldas team was led by Partner, and Regional Co-Head (Capital Markets – North) Gokul Rajan, and Partner Amitpal Singh, with support from Senior Associate Aditya Singh, Associates Harshita Pareek, Jayadeep Manchikalapudi, Prakhar Jain and Naman Kulshrestha.
AZB & Partners advised Nuvama Wealth Management Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited, the Book Running Lead Managers, in connection with the QIP.
The AZB & Partners team was led by Senior Partners Varoon Chandra and Lionel D’Almeida and Partner Sweta Ananthanarayanan, with support from Associates Damini Mathur, Shivani Singh, Chitransh Bhansali, Kriti Agarwal and Khushi Lunawat.
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