Anant Raj Limited has raised ₹1,100 crore from a Qualified Institutional Placement.
Cyril Amarchand Mangaldas advised Anant Raj on this QIP.
The transaction team consisted of Vishal Yaduvanshi (Partner, Regional Co-head - Capital Markets - North), Priyadarshini Rao (Partner), and Associates Abishek Sankar, Subhajit Chowdhury, Alok Antony, Aria Sheth and Krishnam Saboo.
Trilegal advised lead managers DAM Capital Advisors Limited and Emkay Global Financial Services Limited on this QIP.
The transaction team was led by Richa Choudhary (Partner) and Murtaza Zoomkawala (Partner), with support from Avinash Gautam (Senior Associate) and Associates Yatin Shikarpuri and Pallavi Vuppu.
Hogan Lovells served as the international legal counsel for the lead managers.
The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner).
Anant Raj Limited is a residential real estate developer and data centre company in the Delhi-NCR region and has a diversified portfolio including development of residential integrated townships, group housing, affordable housing, IT parks, malls, office spaces, hotels, and data centers. The Company had commenced its operations in 1974 and has also ventured into cloud services with its cloud platform ‘Ashok Cloud’ to provide tailored, secured, and robust cloud services.
The proceeds from the QIP shall be used, inter-alia, towards development of data centres, construction of ongoing projects, acquisition of land and development rights and repayment/ pre-payment of debt.
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