Key Transactions

ECM

INR 0.22 bn

FY22

Manager to Open Market Buyback Offer of Rane Brake Lining Limited

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.

Manager to Open Market Buyback Offer of Rane Brake Lining Limited

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.

M&A

INR 10 bn

FY22

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

One of the largest secondary acquisition in InvITs

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

One of the largest secondary acquisition in InvITs

Capital Raise

INR 11 bn

FY22

Refinancing of IndInfravit

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

Refinancing of IndInfravit

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

Capital Raise

INR 8 bn

FY22

Investment in the IPO of PowerGrid InvIT as an Anchor investor

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

Investment in the IPO of PowerGrid InvIT as an Anchor investor

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

M&A

INR 9 bn

FY22

Space Tele-Infra sale to Brookfield sponsored Tower Infra Trust

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

Space Tele-Infra sale to Brookfield sponsored Tower Infra Trust

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

M&A

USD 219 mn

FY22

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

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

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

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

ECM

INR 38.5 bn

FY22

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

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.

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

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.

ECM

INR 12 bn

FY22

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

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)

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

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)

ECM

INR 7.83 bn

FY22

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

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.

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

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.