Trilegal represented Mahindra Lifespace Developers on its rights issue of equity shares aggregating to ~INR 15,000 million.
This was one of the first rights issues launched following the notification of SEBI’s revised rights issue framework, which significantly overhauled the regulatory landscape.
The transaction set important market precedents and required a ground-up approach to navigating several newly introduced compliance requirements, making it a defining transaction in India’s post-reform capital markets regime.
Mahindra Lifespace is a pan-India real estate developer, and a part of the Mahindra group, one of India’s leading conglomerates. The issue proceeds are proposed to be utilised for repayment of loans, funding acquisitions of unidentified future real estate projects, and general corporate purposes.
The Capital Markets Team advising on the mandate was led by Partner Richa Choudhary and comprised Counsels Avanti Kale and Maitreya Rajurkar, Senior Associates Sanya Chaudhari, Ayush Khandelwal, Shivayana Balodia and Associates Siddhant Mishra, Yatin Shikarpuri, and Kartikeya Anshu.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
