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CAM, Indus, HSF do blockbuster $573m QIP for Avenue Supermarts

DMart operator Avenue Supermarts on Tuesday said it has raised Rs 4,098 crore from share sale, which included investors such as Lone Cypress and the Singapore Government. The company in a regulatory filing said it issued and allotted 2 crore shares at an issue price of Rs 2,049, under a qualified institutional placement [QIP].

The Economic Times

Cyril Amarchand Mangaldas advised Avenue Supermarts led by capital markets head and partner Yash Ashar and partner Abhinav Kumar, with support from principal associate Neha Samant, associate Tania Chourasia, associate Vanya Utkarsh and legal trainee Akanksha Prakash.

IndusLaw advised the book running lead managers, including Kotak Mahindra Capital Company Limited, Axis Capital Limited, DSP Merrill Lynch Limited, HSBC Securities and Capital Markets (India) Private Limited, IDFC Securities Limited; JM Financial Limited; and JP Morgan India Private Limited led by a team of partner Ravi Dubey, senior associate Priyadarshini Rao, associates Anjali Menon, Mansi Jhaveri, Rashika Narain and Ritika Banerjee.

Herbert Smith Freehills LLP acted as international legal adviser to the book running lead managers.


Deal value: Rs. 4,098 crores

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