- Home
- News
- Articles+
- Aerospace
- Agriculture
- Alternate Dispute Resolution
- Banking and Finance
- Bankruptcy
- Book Review
- Bribery & Corruption
- Commercial Litigation
- Competition Law
- Conference Reports
- Consumer Products
- Contract
- Corporate Governance
- Corporate Law
- Covid-19
- Cryptocurrency
- Cybersecurity
- Data Protection
- Defence
- Digital Economy
- E-commerce
- Employment Law
- Energy and Natural Resources
- Entertainment and Sports Law
- Environmental Law
- FDI
- Food and Beverage
- Health Care
- IBC Diaries
- Insurance Law
- Intellectual Property
- International Law
- Know the Law
- Labour Laws
- Litigation
- Litigation Funding
- Manufacturing
- Mergers & Acquisitions
- NFTs
- Privacy
- Private Equity
- Project Finance
- Real Estate
- Risk and Compliance
- Technology Media and Telecom
- Tributes
- Zoom In
- Take On Board
- In Focus
- Law & Policy and Regulation
- IP & Tech Era
- Viewpoint
- Arbitration & Mediation
- Tax
- Student Corner
- ESG
- Gaming
- Inclusion & Diversity
- Law Firms
- In-House
- Rankings
- E-Magazine
- Legal Era TV
- Events
- News
- Articles
- Aerospace
- Agriculture
- Alternate Dispute Resolution
- Banking and Finance
- Bankruptcy
- Book Review
- Bribery & Corruption
- Commercial Litigation
- Competition Law
- Conference Reports
- Consumer Products
- Contract
- Corporate Governance
- Corporate Law
- Covid-19
- Cryptocurrency
- Cybersecurity
- Data Protection
- Defence
- Digital Economy
- E-commerce
- Employment Law
- Energy and Natural Resources
- Entertainment and Sports Law
- Environmental Law
- FDI
- Food and Beverage
- Health Care
- IBC Diaries
- Insurance Law
- Intellectual Property
- International Law
- Know the Law
- Labour Laws
- Litigation
- Litigation Funding
- Manufacturing
- Mergers & Acquisitions
- NFTs
- Privacy
- Private Equity
- Project Finance
- Real Estate
- Risk and Compliance
- Technology Media and Telecom
- Tributes
- Zoom In
- Take On Board
- In Focus
- Law & Policy and Regulation
- IP & Tech Era
- Viewpoint
- Arbitration & Mediation
- Tax
- Student Corner
- ESG
- Gaming
- Inclusion & Diversity
- Law Firms
- In-House
- Rankings
- E-Magazine
- Legal Era TV
- Events
Cyril Amarchand Mangaldas Advised Sobha Limited On ₹19,990.28 Million Rights Issuance Of Partly Paid-Up Equity Shares
![Yash-Ashar-&-Ramanuj-Kumar Yash-Ashar-&-Ramanuj-Kumar](https://www.legaleraonline.com/h-upload/2024/08/13/1333070-yash-ashar-ramanuj-kumar.webp)
Cyril Amarchand Mangaldas Advised Sobha Limited On ₹19,990.28 Million Rights Issuance Of Partly Paid-Up Equity Shares
Cyril Amarchand Mangaldas (CAM) advised Sobha Limited (Company) in it’s fast-track rights issue of 12,107,981 partly paid-up equity shares, aggregating to ₹19,990.28 million (the Issue). The Issue was undertaken by the Company in accordance with Regulation 99 and Part B of Schedule VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The letter of offer was filed with SEBI and the Stock Exchanges on June 12, 2024. The Issue was subscribed 1.4x times.
CAM played crucial role, provided comprehensive legal counsel and strategic guidance to ensure the successful execution of the transaction.
The Capital Markets team of Cyril Amarchand Mangaldas advised on the matter. The transaction was led by Yash Ashar, Senior Partner; Ramanuj Kumar, Partner & Co-Head - Projects (Energy & Energy Transition); with support from Ayana Banerjee, Associate; and Zeb Burk, Associate.
Other parties and advisors to the transaction included JM Financial Limited, acted as book running lead manager to the issue; BOB Capital Markets Limited, acted as book running lead manager to the issue; Hogan Lovells Lee & Lee, acted as international legal counsel for book running lead managers.
The transaction was signed on 19th December and closing was done on 19th July, 2024.
- #Cyril Amarchand Mangaldas
- #Sobha Limited
- #Rights Issue
- #Partly Paid-Up Equity Shares
- #₹19990.28 Million
- #SEBI
- #Regulation 99
- #Schedule VI
- #Securities and Exchange Board of India
- #Capital Markets
- #JM Financial Limited
- #BOB Capital Markets Limited
- #Equity Shares
- #Hogan Lovells Lee & Lee
- #Fast-Track Rights Issue
- #Book Running Lead Manager