Cemindia Projects Limited has raised ₹1,400 crore from a qualified institutions placement of equity shares.
Cyril Amarchand Mangaldas advised Cemindia on this QIP, according to the placement document.
Trilegal advised the placement agents, SBI Capital Markets Limited, ICICI Securities Limited and IIFL Capital Services Limited, on this QIP.
The transaction was led by Richa Choudhary (Partner) and Maitreya Rajurkar (Partner), with support from Avanti Kale (Counsel), Aayush Khandelwal (Senior Associate), Associates Siddhant Mishra, Yug Gambhir and Adya Singh.
Linklaters served as the international legal counsel for the placement agents.
Cemindia is a diversified EPC player with presence across 8 sectors including maritime structures, urban infrastructure, MRTS and airports, industrial structures and buildings, highways, bridges and flyovers, foundation and specialist engineering, water and wastewater, data centres, and hydro, dams, tunnels and irrigation. It is a part of the Adani group and has an operating experience of more than 9 decades.
The proceeds of the QIP are proposed to be used towards funding the capital expenditure for purchase of certain equipment, repayment of certain borrowings availed by Cemindia and funding the working capital requirements.
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