Capital Raise
USD 15 mn
FY24
Exclusive advisor to Wiz Freight on its Series B fund raise
Ambit acted as the exclusive financial advisor to Wiz Freight on its Series B fund raise of $15 Mn led by Japan-based SBI Investments. The round also saw participation from NIPPON EXPRESS HOLDINGS, and existing investors Tiger Global, Axilor Technologies Fund, Arali Investments, Foundamental, and HNIs as well.
Exclusive advisor to Wiz Freight on its Series B fund raise
Ambit acted as the exclusive financial advisor to Wiz Freight on its Series B fund raise of $15 Mn led by Japan-based SBI Investments. The round also saw participation from NIPPON EXPRESS HOLDINGS, and existing investors Tiger Global, Axilor Technologies Fund, Arali Investments, Foundamental, and HNIs as well.
M&A
NA
FY24
Advised AU SFB on its merger with Fincare SFB
Ambit acted as the exclusive financial advisor to AU Small Finance Bank on its merger with Fincare Small Finance Bank through a share swap agreement marking the first ever consolidation transaction as well as the largest announced deal in the small finance bank space.
Advised AU SFB on its merger with Fincare SFB
Ambit acted as the exclusive financial advisor to AU Small Finance Bank on its merger with Fincare Small Finance Bank through a share swap agreement marking the first ever consolidation transaction as well as the largest announced deal in the small finance bank space.
M&A
INR 6.8 bn
FY24
Stake enhancement by Poonawalla Group in Magma HDI through acquisition of HDI's stake and primary infusion
Ambit acted as the exclusive financial advisor to Poonawalla Group on enhancement of its stake in Magma HDI General Insurance Company Limited (“Magma HDI”) via a primary and secondary transaction through Sanoti Properties LLP (“Sanoti”).
Sanoti infused INR 4.6 Bn along with providing HDI an exit for INR 2.2 Bn resulting in a total stake of 74%+ in Magma HDI, post the transaction
Stake enhancement by Poonawalla Group in Magma HDI through acquisition of HDI's stake and primary infusion
Ambit acted as the exclusive financial advisor to Poonawalla Group on enhancement of its stake in Magma HDI General Insurance Company Limited (“Magma HDI”) via a primary and secondary transaction through Sanoti Properties LLP (“Sanoti”).
Sanoti infused INR 4.6 Bn along with providing HDI an exit for INR 2.2 Bn resulting in a total stake of 74%+ in Magma HDI, post the transaction
M&A
NA
FY24
Acquistion of minority stake in Teqo
Acquisition of minority stake in Teqo – Mahindra Group’s renewable O&M platform
Acquistion of minority stake in Teqo
Acquisition of minority stake in Teqo – Mahindra Group’s renewable O&M platform
M&A
USD 100 mn
FY24
Acquisition of 34% stake in SEIT InvIT
Acquisition of 34% stake in SEIT InvIT as a Co-Sponsor
Acquisition of 34% stake in SEIT InvIT
Acquisition of 34% stake in SEIT InvIT as a Co-Sponsor
M&A
NA
FY24
Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP
Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP
Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP
Advised shareholders of Tower Vision on sale of 100% stake to Ascend Telecom and GIP
M&A
NA
FY24
Divestment of majority shareholding by Vasant Chemicals to International Chemical Investors Group (ICIG)
Ambit acted as exclusive financial advisor to Vasant Chemicals (specialty chemicals & pharma intermediates) on the divestment of majority shareholding to International Chemical Investors Group (ICIG)
Divestment of majority shareholding by Vasant Chemicals to International Chemical Investors Group (ICIG)
Ambit acted as exclusive financial advisor to Vasant Chemicals (specialty chemicals & pharma intermediates) on the divestment of majority shareholding to International Chemical Investors Group (ICIG)
ECM
INR 12 bn
FY24
Book Running Lead Manager for IPO of India Shelter Finance Corporation Limited
Ambit acted as a Book running lead manager to the INR 12 bn IPO consisting a Fresh Issue of INR 8 bn and an Offer for Sale of INR 4 bn.
The IPO received overwhelming response across categories with the overall mainbook subscription of ~38x and the QIB, HNI and Retail portions getting subscribed ~94x, ~30x and ~10x respectively.
Book Running Lead Manager for IPO of India Shelter Finance Corporation Limited
Ambit acted as a Book running lead manager to the INR 12 bn IPO consisting a Fresh Issue of INR 8 bn and an Offer for Sale of INR 4 bn.
The IPO received overwhelming response across categories with the overall mainbook subscription of ~38x and the QIB, HNI and Retail portions getting subscribed ~94x, ~30x and ~10x respectively.
ECM
INR 2.2 bn
FY24
Book Running Lead Manager for QIP of AXISCADES Technologies
Ambit was a Book Running Lead Manager for INR 2.2 bn QIP of AXISCADES Technologies Limited. Ambit played a pivotal role in shaping Investors’ understanding of the opportunity provided by AXISCADES, leading to healthy Investor participation in the deal.
Book Running Lead Manager for QIP of AXISCADES Technologies
Ambit was a Book Running Lead Manager for INR 2.2 bn QIP of AXISCADES Technologies Limited. Ambit played a pivotal role in shaping Investors’ understanding of the opportunity provided by AXISCADES, leading to healthy Investor participation in the deal.