Key Transactions

ECM

INR 3.1 bn

FY21

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

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

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

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

ECM

INR 2.2 bn

FY21

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

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

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

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

M&A

NA

FY21

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

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.

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

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.

M&A

INR 36 bn

FY21

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

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.)

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

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.)

M&A

NA

FY20

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

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

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

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

M&A

INR 63 bn

FY20

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

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. 

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

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. 

Capital Raise

INR 2.9 bn

FY20

Equity fund raise for 24.9% from Adar Poonawalla Group

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

Equity fund raise for 24.9% from Adar Poonawalla Group

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

M&A

NA

FY20

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

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

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

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

M&A

INR 3.3 bn

FY20

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

Shareholders of Inlogistics divested c.100% ownership to Adani Logistics. Inlogistics business comprised of domestic rake operations and an ICD terminal in Ludhiana. Acquisition will enable Adani to expand its TAM, enhance network coverage and expand its existing value chain to handle dry cargo

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

Shareholders of Inlogistics divested c.100% ownership to Adani Logistics. Inlogistics business comprised of domestic rake operations and an ICD terminal in Ludhiana. Acquisition will enable Adani to expand its TAM, enhance network coverage and expand its existing value chain to handle dry cargo