Cyril Amarchand Mangaldas Advised ICICI Securities & Axis Capital on QIP of Happiest Minds Technologies
Cyril Amarchand Mangaldas Advised ICICI Securities & Axis Capital on QIP of Happiest Minds Technologies
Cyril Amarchand Mangaldas acted as the legal counsel to ICICI Securities Limited and Axis Capital Limited, the book running lead managers (BRLMs), on the Qualified Institutions Placement (QIP) of equity shares by Happiest Minds Technologies Limited (Happiest Minds).
The transaction involved an issuance of 54,11,255 equity shares of face value of Rs. 2 each (Equity Shares) at a price of Rs. 924 per equity share, including a premium of Rs. 922 per equity share, aggregating to approximately Rs. 500 crores (Issue) by Happiest Minds. The Equity Shares are listed on National Stock Exchange of India Limited and BSE Limited.
The Capital Markets Practice of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Vijay Parthasarathi, Partner & Regional Co-head Markets Practice (Southern Region); with support from Akshay Singh Ralhi, Principal Associate- Designate; Neha Sahgal, Associate and Pragya Gupta, Associate.
Other Parties to the transaction included Hogan Lovells Lee & Lee (acted as International legal counsel for BRLMs).
The Transaction was signed on 30th August, 2022 and closed on 14th July, 2023.
