INVESTMENT BANKING

INDIA’S PREMIER INDEPENDENT INVESTMENT BANK

Ambit is among India's premier investment banks consistently ranking among the leaders for transactions in India. Since inception, we have advised clients on over 150+ deals aggregating to over US$ 35 billion.

Our approach is relationship-based rather than transaction-based. We work as partners to our clients providing unbiased advice – including when to walk away from a transaction! Each transaction has significant hands-on commitment from our leadership team which brings extensive experience and network of relationships.

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MERGERS & ACQUISITIONS

A TRUSTED PARTNER FOR STRATEGIC TRANSACTIONS IN INDIA

Ambit is a leader when it comes to advising its clients on Mergers & Acquisitions. We have managed some of the most complex transactions for Indian business groups, global conglomerates and private equity investors. Our incisive approach and network of deep relationships has helped us in achieving an envious track record in corporate acquisitions and mergers.

Our experience and expertise across industries coupled with cumulative knowledge in mergers & acquisitions, strategic partnerships, divestitures and restructurings make us a trusted partner.

PRIVATE
CAPITAL RAISING

CONSTRUCTING BESPOKE FINANCING SOLUTIONS

Ambit has been amongst the pioneers in helping bring in private equity investments in Indian for growth capital as well as buy-outs.

We work closely with established corporates, emerging companies, global corporations with Indian presence and with management teams looking to access alternative capital. We have had the privilege on assisting on some of the most innovative and unique capital raising in India.

We bring a ‘One Ambit’ approach to our transactions which allows us to leverage our deep relationships and understanding of global / Indian private equity funds, public market investors, strategic investors and family offices to help construct financing solutions most appropriate to specific situations.

EQUITY
CAPITAL MARKETS

As one of India’s premier investment banks, Ambit offers advisory services for a full suite of Equity Capital Market (ECM) transactions including:

  • Initial Public Offerings (IPOs)
  • Qualified Institutional Placements (QIPs)
  • Follow-on Public Offerings (FPOs)
  • Rights Issues
  • Preferential Allotments
  • Open Offers and other takeover related advisory under the SEBI Takeover Code
  • Delisting Offers
  • Buyback Offers

We also help significant shareholders including Private Equity Investors and Promoters monetize their stake in listed companies through Block/Bulk Trades.

Our in-depth regulatory and procedural knowledge aids us in creating innovative ECM solutions aligned to specific situations and objectives. We leverage our global and local distribution reach as well as our understanding of international and domestic investors from our Institutional Equities business, to bridge the gap between the providers and issuers of capital. Our focus is on providing timely and flawless execution of transactions for our clients. Specifically, we assist our clients in the following areas:

1. Help corporate clients ascertain the appropriate quantum, instrument and market to raise growth capital

2. Evaluate the right capital mix

3. Figure out institutional, non-institutional and retail investor appetite

4. Assist with the preparatory steps for an IPO including drafting of the DRHPs (along with deal counsels) and guiding clients through the regulatory processes

5. Help in preparation of marketing collateral and positioning our client’s business for better understanding of Investors

6. Market the transaction to institutional investors to generate demand

7. Leverage the relationship with HNIs/Family Offices to garner demand in the non-institutional category and effectively use tie-ups with our broker partners (sub-syndicate members) to reach out to Retail Investors across the country for marketing of the IPOs

LEADERSHIP

ASHIM
BHUWANIA

Managing Director - Investment Banking

ASHOK
WADHWA

Group CEO

AUSANG
SHUKLA

Managing Director & Co-Head of Investment Banking

RAHUL
MODY

Managing Director - Investment Banking

VIKAS
KHATTAR

Managing Director, Co-Head of Investment Banking & Head - Equity Capital Markets

ANANDA
CHAKARBARTI

Executive Director - Investment Banking

ANKIT
PAREEK

Executive Director – Investment Banking  

ANKUR
SARAF

Director - Investment Banking

HUZEFA
DEHGAMWALA

Director - Investment Banking

PRATIK
SETHI

Director - Investment Banking

PRAVEEN
SANGAL

Director- ECM

RAMAN
GUPTA

Director - Investment Banking

SANDEEP
SHARMA

Director- ECM

CHETAS
DESAI

Senior Advisor

INVESTMENT BANKING

OUR TRANSACTIONS

Product
  • Capital Raise
  • M&A
  • ECM
  • Fund Raising Sell Side
  • Sell side advisor
  • QIP
  • IPO
  • M&A Sell Side
  • Buyback
  • Block
  • IPO
  • QIP
  • Advisory
  • Open Offer
  • Rights Issue
  • Delisting
Sector
  • Chemicals & Pharmaceuticals
  • Consumer
  • Financial Services
  • Hospitality & Healthcare
  • Industrials
  • Infrastructure
  • Logistics
  • Real Estate
  • Technology, Media & Telecom
  • Textiles
Client Type
  • Indian Corporate
  • Private Equity
  • Global Corporate
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Series C fundraise

USD 35 mn

FY22

Trade finance platform, Vayana Network has raised USD 35 Mn funding from March Capital and Marshall Wace. Existing investors, including Chiratae Ventures, CDC group, Jungle Ventures also participated in the round.

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Series B fund raise led by Z3 Partners

USD 10 mn

FY22

AgriTech Company, Gramophone has raised $10m led by Z3 Partners. Round also saw participation from InfoEdge, Asha Impact and Siana Capital

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Acquisition of 52% stake in Ritika Pvt Ltd (Ritu Kumar) by Reliance Ventures

Not Disclosed

FY22

Reliance Retail Ventures has acquired 52% shareholding of Ritika Pvt Ltd (Ritu Kumar). Everstone Capital, an existing investor in the Company has completely exited

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Series A fund raise from Elysian Park, Dream Capital & Surge

USD 11.5 mn

FY22

HealthTech platform, Fittr has raised $11.5m from leading health and sports focused investor, Elysian Park, Dream Capital, the venture capital arm of gaming unicorn Dream11 and Sequoia's accelerator, Surge

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Investment in equity raise (as a first tranche of a total USD 300 mn) in AG&P City Gas Distribution Platform in India by I Squared Capital

USD 200 mn

FY22

Investment in one of India’s leading city gas distribution platforms

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Series C fundraise

USD 52 mn

FY22

Bike-taxi platform Rapido has raised USD 52 million from Shell Ventures, Yamaha and existing investors including Westbridge Capital, Nexus Venture Partners, and many marquee HNIs

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Partial stake sale by True North in Policy Bazar

Not Disclosed

FY22

Ambit advised True North in its partial stake sale in Policy Bazaar, one of the largest FinTech Companies in India. Transaction was consummated prior to the Company’s planned IPO.

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Manager to Tender Buyback Offer of Quick Heal Technologies Ltd

INR 1.55 bn

FY22

Ambit acted as Manager to tender Buyback Offer which helped the company distribute surplus cash to all shareholders.

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Sole Advisor and Broker to Max Group for their stake sale in Max Financial Services Ltd

INR 7.83 bn

FY22

Ambit acted as Sole Advisor and Broker to Max Group for their INR 7.8 bn stake sale (~2.3% of total outstanding shares of Max Financial Services Ltd) to a marquee long term foreign institutional investor. The funds raised through stake sale would be utilized to reduce the pledge level of shares held in the Company.

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Global Coordinator and Book Running Lead Manager for QIP of Aarti Industries Ltd

INR 12 bn

FY22

Ambit was a Global Coordinator and Lead Manager for INR 12 bn QIP of Aarti Industries Ltd. Ambit was instrumental in getting demand from FIIs as well as Insurance Companies (~60% of total allocation to Insurance Companies)

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Global Coordinator and Book Running Lead Manager for IPO of Chemplast Sanmar Ltd

INR 38.5 bn

FY22

Ambit acted as the Global Coordinator and Book Running Lead Manager for the Initial Public Offer of Chemplast Sanmar Ltd. The total issue size of this IPO was INR 38.5 bn, consisting of a fresh Issue of INR 13.0 bn and an Offer for Sale of INR 25.5 bn. Ambit was instrumental in generating FII demand in the anchor book, as well as in marketing the Issue to HNIs and Retail Investors.

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Acquisition of 19.4% stake by OMERS Infrastructure in Azure Power Global Limited

USD 219 mn

FY22

One of the largest investments by a pension fund in the Indian clean energy space

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Space Tele-Infra sale to Brookfield sponsored Tower Infra Trust

INR 9 bn

FY22

One of the largest exits by shareholders of a fast growing new-generation shared telecom infrastructure player

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Investment in the IPO of PowerGrid InvIT as an Anchor investor

INR 8 bn

FY22

First InvIT by a PSU; First capital raising as part of the Government’s Asset Monetization Pipeline

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Refinancing of IndInfravit

INR 11 bn

FY22

Financing advisory transaction for one of the largest road InvIT platforms with 13 assets of c. 1,300 kms

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CPPIB acquired c. 16% additional stake in IndInfravit increasing its stake to c. 44%

INR 10 bn

FY22

One of the largest secondary acquisition in InvITs

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Manager to Open Market Buyback Offer of Rane Brake Lining Limited

INR 0.22 bn

FY22

Ambit acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and improve return ratios and indirectly increase promoter shareholding

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Sole Book Runner and Broker for the sale of True North’s stake in Magma Fincorp Ltd.

INR 2.59 bn

FY22

Ambit acted as Sole Advisor and Broker to True North for their stake sale in Magma Fincorp Limited. The transaction resulted in the complete exit for True North. The transaction received overwhelming response from domestic as well as global investors.

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Sole Book Runner and Broker for the sale of ChrysCapital’s stake in Magma Fincorp Ltd.

INR 1.74 bn

FY22

Ambit acted as Sole Advisor and Broker to Lavender Investments Limited (part of ChrysCapital group) for their stake sale in Magma Fincorp Limited. The transaction resulted in the complete exit for ChrysCapital. The transaction received overwhelming response from domestic as well as global investors.

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Book Running Lead Manager for QIP of Varroc Engineering Ltd

INR 7 bn

FY21

Ambit was a lead manager for INR 7 bn QIP of Varroc Engineering Ltd. Ambit was instrumental in bringing in the anchor investor  and also contributed ~48% of the total book

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Book Running Lead Manager for IPO of Barbeque-Nation Hospitality Ltd

INR 4.5 bn

FY21

Ambit was a Book Running Lead Manager for the INR 4.5 bn IPO of Barbeque-Nation Hospitality. Ambit worked closely with investors and was able to generate overwhelming interest towards the Anchor Book. Ambit’s disproportionate effort on the Non-Institutional/Retail marketing front helped the Company broaden its reach within the NII and Retail categories.

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Book Running Lead Manager for IPO of Anupam Rasayan India Ltd

INR 7.6 bn

FY21

Ambit was a Book Running Lead Manager for the INR 7.6 bn IPO of Anupam Rasayan India Limited. As a leading research house for Chemicals sector, Ambit played a key role in shaping investor understanding about the opportunity provided by the sector, as well as Anupam Rasayan. The issue received an overwhelming response with main book getting subscribed ~44x, the institutional portion ~66x, non-institutional portion ~97x and retail portion ~11x.

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Book Running Lead Manager for IPO for Brookfield India REIT

INR 38 bn

FY21

Ambit was a Book Running Lead Manager for the Initial Public Offer of Brookfield India REIT. The total Offer Size of this IPO was INR 38 bn. Ambit was instrumental in bringing in marquee investors in the anchor round as well as the main book. The Offer received a good response from the market in both the Institutional as well as the Non-Institutional category.

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Manager to Tender Buyback Offer of Garware Technical Fibres

INR 0.73 bn

FY21

Ambit acted as Manager to tender Buyback Offer which helped the company distribute surplus cash to all shareholders.

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Series B fund raise from Sistema Asia & Evolvence

INR 1.5 bn

FY21

Infra.Market raised USD 20 mn in Series B financing round led by Evolvence India Fund, Sistema Asia Fund and Foundamental to fuel the next phase of expansion and growth. Existing investors Tiger Global, Accel and Nexus Venture Partners also participated in the round.

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Series A1 fund raise

Not Disclosed

FY21

Assisted Lido Learning, a leading B2C Ed-tech Live tutoring platform, in its fund raise.

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Series C fund raise from Abcworld Asia & CDC

INR 1.5 bn

FY21

CropIn raised USD 20 mn in Series C financing round led by ABC World Asia, an impact focussed PE fund, CDC Group and Pratithi Investment Trust. Existing investors Chiratae Ventures, Invested Development and Ankur Capital also participated in the round

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Book Running Lead Manager for IPO of Chemcon Speciality Chemicals Limited INR 3.18 bn IPO

INR 3.18 bn

FY21

Ambit was a Book running lead manager in a two bank syndicate for the Initial Public Offer of Chemcon Speciality Chemicals Limited. The total Offer Size of this IPO was INR 3.18 bn, consisting of a fresh Issue of INR 1.65 bn and an Offer for Sale of INR 1.53 bn. The issue received an overwhelming response with main book getting subscribed ~149x, the institutional portion ~114x, non-institutional portion ~449x and retail portion ~41x.

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Book Running Lead Manager for QIP aggregating to INR 7.5 bn for PI Industries

INR 7.5 bn

FY21

Ambit was a lead manager for INR 7.5 bn QIP of SRF Ltd. Overwhelming demand from marquee domestic and foreign Investors resulted in the book getting subscribed ~7x. Ambit helped the Company to broaden its shareholders base by bringing new DII & FII investors in the book

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Primary capital raise and secondary stake sale by True North, Bessemer Venture Partners and other shareholders to Warburg Pincus

INR 7 bn

FY21

Warburg Pincus invested INR 7 bn through combination of primary fund raise and secondary sales by True North and Bessemer Venture Partners among others. This was the first large and marquee private equity transaction in the lending space in the midst of COVID-19 pandemic.

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Acquisition of telecom tower portfolio of Reliance Jio (RJIL) by Brookfield sponsored Tower Infrastructure Trust

INR 252 bn

FY21

One of largest Infrastructure deals in India till date. Ambit was the exclusive advisor to Brookfield, as a Sponsor of InvIT (Tower Infrastructure Trust), on the transaction - through this transaction Tower Infrastructure Trust became the owner of one of the largest telecom tower companies in India.

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Book Running Lead Manager for IPO for Mindspace Office Park REIT

INR 45 bn

FY21

Ambit was a Book running lead manager for the Initial Public Offer of Mindspace Business Parks REIT. The total Offer Size of this IPO was INR 45 bn, consisting of a fresh Issue of INR 10 bn and an Offer for Sale of INR 35 bn. The Offer received an overwhelming response from the market in both the Institutional as well as the Non-Institutional category.

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Book Running Lead Manager for QIP aggregating to INR 20 bn for PI Industries

INR 20 bn

FY21

Ambit was a lead manager for INR 20 bn QIP of PI Industries Ltd. Overwhelming demand from marquee domestic and foreign Investors resulted in the book getting subscribed 6x ie. ~INR 120 bn. Ambit helped the Company to broaden its shareholders base by bringing new FII investors in the book including some US based funds

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Sole Book Runner and Broker for the sale of PE Investor’s stake in Laurus Labs

INR 6.32 bn

FY21

This is the second trade in Laurus Labs by Ambit within a span of 8 weeks for Warburg Pincus, Ambit helped them in completely exiting by selling ~20% stake across two tranches

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Series B fund raise from SIG, Addition Capital and Tigerglobal

INR 2.6 bn

FY21

Inshorts has raised $35 million in a new financing round from Addition Capital, SIG, Tigerglobal to scale its adjacent, social network platform - Public

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Sole Book Runner and Broker for the sale of PE Investor’s stake in Laurus Labs

INR 6.14 bn

FY21

Ambit helped Pre-IPO PE investors Eight Roads (exited completely) & Warburg Pincus in divesting their stake. Ambit worked closely with key investors to generate early demand that helped create momentum in the book & successful launch of the deal

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Series C2 fund raise from private equity funds

NA

FY21

Assisted Acko, the first InsurTech player having end to end digital vlaue chain for non-life insurance in India in a fund raise. Acko is backed by some marquee investors like Catamaran, Amazon, SAIF Partners, Accel Partners, Swiss Re, Aegon

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Sole Book Runner and Broker for the sale of PE Investor’s stake in Bharti Airtel

INR 3.1 bn

FY21

Assisted a large PE investor in divesting its stake in Bharti Airtel

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Sole Book Runner and Broker for the sale of PE Investor’s stake in AU Small Finance Bank

INR 2.2 bn

FY21

Ambit delivered flawless execution over multiple deals and assisted another PE investor in divesting its stake with a minimal discount of ~1%

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Sale of 99.22% shareholding by Promoters of C&S Electric Ltd. to Siemens

INR 21 bn

FY21

Promoters of C&S Electric ("C&S") divested 99% shareholding to Siemens. Acquisition of C&S strengthens Siemens’ position as a key supplier of LV power distribution & electrical installation technology in India. Siemens envisions this partnership to pave the way for the establishment of a design and manufacturing hub in India.

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Sale of 69.36% shareholding by Prolec GE in Indo Tech Transformers Ltd. to Shirdi Sai Electricals Ltd

NA

FY21

Prolec GE ("PGE") and Shirdi Sai Electricals Limited ("SSEL") executed definitive agreements whereby PGE divested 69% equity shareholding in Indo Tech Transformers. PGE continues as a minority shareholder after the transaction as per the agreement. Transaction allows SSEL to consolidate in Indian transformers industry.

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Sale of 100% shareholding in Delhi-Agra road project company by Reliance Infrastructure to Cube Highways

INR 36 bn

FY21

Ambit was the exclusive financial advisor to Reliance Infrastructure on the sale of Delhi-Agra toll Road to Cube Highways (owned by I-squared, IFC, ADIA, etc.)

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Divestment of 50% shareholding by Graviss Food Solutions Pvt. Ltd. to Rich Products Corporation, USA in their Indian joint venture

NA

FY20

Rich’s and Graviss entered into a joint venture ~25 years ago and Graviss helped establish Rich’s brands in India and become the market leader in its category Ambit assisted Graviss in shareholder negotiations during the course of the transaction and advised on pricing, structuring and definitive documentation

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Acquisition of 8 road assets of Sadbhav Infrastructure by IndInfravit; Preferential issue subscribed by key unitholders - Allianz, CPPIB, OMERS and L&T IDPL.  

INR 63 bn

FY20

One of India’s largest Road Infrastructure M&A deals. Ambit was the exclusive financial advisor to IndInfravit (L&T IDPL sponsored Privately Placed InvIT), which has marquee investors including Allianz, CPPIB and OMERS. First follow-on preferential issuance by a Privately Placed InvIT; First NCD issuance by an InvIT in the Indian market. 

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Equity fund raise for 24.9% from Adar Poonawalla Group

INR 2.9 bn

FY20

Assisted Ambit Finvest, systematically important NBFC, in a fund raise and brought in multiple pools of capital including private equity and family offices to help Ambit Finvest choose the most appropriate capital pool. Managed a tight execution which helped in an expedited closing

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Sale of 24% stake in SICOM Ltd by J.C. Flowers and Shinsei Bank

NA

FY20

Ambit assisted JC Flowers and Shinsei exit from an investment in SICOM Limited in advese market conditions. Transaction involved a public auction process

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Divestment of approx. 100% shareholding in Innovative B2B Logistics Solutions Private Limited (Inlogistics) to Adani Logistics Limited

INR 3.3 bn

FY20

Shareholders of Inlogistics divested c.100% of ownership in the Company to Adani Logistics. The Inlogistics business comprised domestic rake operations and an ICD terminal located in Ludhiana. The acquisition will enable Adani to expand its total addressable market, enhance network coverage and create a value chain to handle dry cargo.

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Global Coordinator and Book Running Lead Manager for QIP aggregating to INR 90 bn for Cholamandalam

INR 9 bn

FY20

Ambit brought in marquee anchor investors which helped in garnering remaining demand in the transaction & launch the deal

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Sole Book Runner and Broker for the sale of Promoter’s stake in Sudarshan Chemicals Industries Ltd

INR 0.4 bn

FY20

Helped a faction of the Promoter Family to monetize part of its stake to set up new business

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Sole Book Runner and Broker for the sale of Promoter’s stake in Sudarshan Chemicals Industries Ltd

INR 0.16 bn

FY20

Helped a faction of the Promoter Family to monetize part of its stake in the Company

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Sole Book Runner and Broker for the sale of PE Investor’s stake in Narayana Hrudayalaya Ltd

INR 1.89 bn

FY20

Assisted a PE investor in divesting its long term holding in Narayana Hrudayalaya. 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Financial Advisor to Bayer AG for Open Offer of Monsanto India Ltd. and its subsequent merger with Bayer CropScience Ltd.

NA

FY20

Financial Advisor to Bayer AG for Open Offer of Monsanto India Ltd. and subsequent merger with Bayer CropScience Ltd.

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Sole Book Runner and Broker for the sale of Standard Chartered PE’s stake in Varun Beverages

INR 0.44 bn

FY20

Assisted a PE investor in divesting its stake in Varun Beverages

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Manager to Open Market Buyback Offer of ACE Limited

INR 0.33 bn

FY20

Acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and improve return ratios and indirectly increase promoter shareholding.

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Manager to Tender Buyback Offer of Greaves Cotton

INR 2.28 bn

FY20

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner and indirectly increase promoter shareholding.

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Ambit was the Sole Book Runner and Broker for the sale of Promoter’s stake in Relaxo Footwears Ltd

INR 3.5 bn

FY20

Helped the Promoters monetize a part of their stake in Relaxo Footwear via a secondary market sale and also enhance liquidity in the stock. Ambit successfully placed ~15% of free float at minimal discount of ~3%

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Acquisition of SME lending business of Finmax

NA

FY19

Advised Ambit Finvest on the acquisition of the SME financing business of Finmax through a Business Transfer Agreement

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Equity fund raise of Rs 250 cr for APAC Finance from Multiples Private Equity

INR 2.5 bn

FY19

Assisted APAC Financial Services, an NBFC set up by Mr Gunit Chadha, with a fund raise prior to receipt of regulatory licenses

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26% equity stake sale by Legal & General in IndiaFirst Life to Warburg Pincus

INR 8.6 bn

FY19

Ambit ran a tightly managed competitive process involving strategic and financial investors for 26% stake sale by Legal & General Plc. This was the first transaction in India where a private equity was acquiring 26% stake in a Life Insurance Company.

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Equity fund raise by Magma HDI General Insurance

NA

FY19

Ambit assisted Magma HDI with an equity raise from famliy office to provide a bridge funding round

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Acquisition of 100% shareholding by Astral Poly Technik in Rex Polyextrusion

INR 1.5 bn

FY19

Astral Polytechnik ("Astral") acquired Rex Polyextrusion ("Rex") to extend product line of Astral to include corrugates and other piping solutions. The acquisition is expected to allow Astral to further penetrate the infrastructure business with expertise in plumbing and drainage segment. Transaction was structured by 51% shareholding acquisition by cash and 49% shareholding acquisition in share swap.

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Divestment of Avantha Industries’ specialty chemicals business ‘Solaris ChemTech Industries’ to Agrocel Industries

INR 7 bn

FY19

Avantha Industries divested Solar ChemTech ("Solaris") to Agrocel Industries ("Agrocel") in line with Avantha Industries''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''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Divestment by Sequoia Capital, Mayfield, Janus Henderson, Saama Capital & Bennett Coleman in Genesis Colors to Reliance Brands

NA

FY19

Genesis is one of India’s largest fashion retailers in the premium and luxury segment with franchisee brands including Armani, Burberry, Canali and Jimmy Choo amongst others The transaction provided exit to marquee private equity funds including Sequoia Capital, Janus Henderson, Saama Capital and Mayfield

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Acquisition of a 1,400 kms gas pipeline by Brookfield sponsored India Infrastructure Trust

INR 130 bn

FY19

One of largest Infrastructure deals in India till date and first private pipeline to be monetized. Ambit was the exclusive advisor to Brookfield, as Sponsor of InvIT (India Infrastructure Trust), on the transaction.

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Acquisition of 22% stake in L&T IDPL sponsored Privately Placed Road Infrastructure InvIT – IndInfravit by OMERS

INR 8.7 bn

FY19

OMERS Infrastructure invests globally in infrastructure assets on behalf of OMERS (Ontario Municipal Employees Retirement System). OMERS is one of the largest Canadian investors with C$95 billion in net assets under management This is a landmark transaction as this is the first investment by OMERS Infrastructure in India as well as Asia

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Sale of 100 MW Hydro Plant by NSL Renewable Power and a consortium of lenders to Statkfraft

NA

FY19

A landmark transaction in the Hydro Power sector in India

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Acquisition of 25% stake in L&T IDPL sponsored Privately Placed Road Infrastructure InvIT – IndInfravit by Allianz Capital Partners

NA

FY19

Allianz Capital Partners (ACP) acted as one of the two anchor investors in the first privately placed Infrastructure Investment Trust (InvIT) in India. This investment marked a key milestone as it was ACP’s first direct investment in Asia

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Manager to Tender Buyback Offer of NHPC Ltd

INR 6 bn

FY19

Ambit is the first private sector merchant banker to manage a buyback offer for NHPC Limited

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Sole Book Runner and Broker for the sale of IFC’s stake in AU Small Finance Bank

INR 7.5 bn

FY19

Ambit helped a PE investor (one of the early investors in the Company) to montize its stake and was able to successfully place the relatively large size block in short span of time with minimal impact on the price.

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Manager to Open Market Buyback Offer of Mcleod Russell

INR 1 bn

FY19

Acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and indirectly increase promoter shareholding.

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Auction of new teams in the Pro-Kabaddi League by Mashal Sports Private Limited

NA

FY18

A unique transaction in the media space involving auction of teams for the Kabaadi Pro League

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Series E capital raise by Policy Bazaar (EtechAces Marketing and Consulting Pvt. Ltd)

INR 5 bn

FY18

Assisted PolicyBazaar on a tightly managed fund raise. Ambit helped bring in a variety of investors including Private Equity, institutional investors and family offices to provide the options to the Company

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Debt capital raise for a mixed-use real estate development - Rivali Park, located in Mumbai

INR 5.5 bn

FY18

CCI Projects raised INR 5.5 bn in structured debt capital from Indiabulls. The debt capital will be utilized to repay existing debt and to complete development of the under-construction residential asset.

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Divestment of 70% shareholding in Apricot Foods to RP Sanjiv Goenka Group

INR 4.4 bn

FY18

Pioneering control M&A deal in snack food sector

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Sale by Brisa of its 40% shareholding in the Road Maintenance JV with Feedback Infrastructure to Feedback Infrastructure

NA

FY18

A strategic transaction for Brisa in India

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Manager to Tender Buyback Offer of Novartis

INR 2.3 bn

FY18

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

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Manager to Tender Buyback Offer of Vinati Organics

INR 0.24 bn

FY18

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

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Manager to Tender Buyback Offer of Bayer Cropscience

INR 5 bn

FY18

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

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Manager to Tender Buyback Offer of TTK Prestige

INR 0.7 bn

FY18

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

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Sole Book Runner & Broker for the sale of Promoter Group stake in Hatsun

INR 2.5 bn

FY18

Helped the Promoters divest a part of their stake to meet the requirements of the pre disclosed trading plan

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Sole Global Coordinator and Book Running Lead Manager for QIP for DCB Bank

INR 3.8 bn

FY18

Largest QIP offering in CY 2017 handled by any investment bank as Sole BRLM. Attracted a good mix of private equity funds and domestic institutional investors

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Acquisition of majority shareholding in Home First Finance Company by True North

INR 6.5 bn

FY17

A unique controlling stake acquisition in a fast growing affordable housing finance company by a private equity fund. Deal completed with multi party negotiations in a tight timeline with volatile market conditions

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Induction of Japan’s Toppan Printing Co. Ltd. as JV partner with a 49% stake in Max Speciality Films Limited

INR 2 bn

FY17

Max Ventures and Industries Ltd ("MVIL") divested 49% shareholding in Max Specialty Films Ltd ("MSF") to Toppan Printing Co ("Toppan"). In a win-win scenario, MSF gets access to Toppan''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''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Sale of 5.8% shareholding in DFM Foods to Steadview Capital Management

INR 1 bn

FY17

Helped the Promoters divest a part of their stake to fund other ventures

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Acquisition of 100% stake in Durg Bypass Toll Road from SMS Limited and IDFC Infrastructure Fund by Tata Realty & Infrastructure Limited (TRIL)

NA

FY17

Ambit was the exclusive financial advisor to Tata Realty & Infrastructure Limited (TRIL) on this transaction

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Joint Book Runner and Broker for the sale of Mahindra & Mahindra Group stake in Mahindra Holidays and Resorts India Ltd

INR 2.72 bn

FY17

Assisted Mahindra group to divest part of their stake in the Company

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Sole Book Runner and Broker for the stake sale of the sale of Clariant Groups stake in Clariant Chemicals (India) Limited

INR 1.94 bn

FY17

Assisted Clariant group to reduce their holding to 51% in the Company

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Manager to Tender Buyback Offer of Disa India Limited

INR 0.27 bn

FY17

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

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Book Running Lead Manager for IPO for GNA Axle

INR 1.3 bn

FY17

Ambit, successfully managed the IPO of GNA Axles in an otherwise challenging market for autocomp IPOs. Ambit also procured 100% of the Anchor Book which created a strong platform for an overwhelming subscription in the IPO.

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Manager to Tender Buyback Offer of Novartis

INR 2.9 bn

FY17

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

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Book Running Lead Manager for QIP for Take Solution

INR 1.8 bn

FY17

Ambit acted as the Sole BRLM and procured demand from high quality 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logo

Manager to Tender Buyback Offer of Borosil

INR 1.74 bn

FY17

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner.

logo

Divestment of 50% shareholding in Srei Equipment Finance Limited by BNP Paribas Lease Group

NA

FY16

Ambit was the exclusive financial advisor to BNP Paribas Lease Group on the restructuring of their joint venture with SREI Infrastructure for construction equipment financing.

logo

Acquisition of majority strategic shareholding in LCL Logistix (India) Pvt. Ltd. by CMA CGM Log

Undisclosed

FY16

CMA CGM acquired majority control in LCL Logistix (India''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''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Acquisition of 24% shareholding in Resinova Chemie Ltd. by Astral Poly Technik Ltd.

INR 0.73 bn

FY16

Astral Polytechnik acquired 24% equity shareholding in Resinova Chemie as second tranche of its acquisition in Resinova Chemie. The transaction was structured by 24% equity shareholding acquisition by cash.

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Acquisition of Electronic Enclosure Business of Valrack Modular Systems by Legrand, France

NA

FY16

Legrand acquired the electronic enclosure business of Valrack Modular Systems. The acquisition is part of 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