Shardul Amarchand Mangaldas advised Mubadala Investment Corporation (“Mubadala”) on its primary investment in units of Cube Highways Trust (“Trust”) pursuant to the initial offer of up to 522,582,727 ordinary units through a private placement at a price of ₹ 100 per ordinary unit, aggregating up to INR 52,259 million (USD 636.62 million). The date of closing the deal was 18th April 2023 and the same was valued at USD 94.31 million.
The capital markets team was led by Nikhil Naredi, Partner; Abhinav Maker, Partner; Chinmay Sethia, Senior Associate.
The general corporate team was led by Raghubir Menon, Regional Practice Head; M&A and Private Equity; General Corporate; Sakshi Mehra, Partner; Deepa Rekha, Partner; Tanmayee Chaulkar, Senior Associate; Garima Tyagi, Senior Associate; Manisha Nayak, Associate; and Parth Sharma, Associate.
The projects & projects finance team was led by Deepto Roy, Partner; Dnyanraj Desai, Principal Associate; Shubham Sharma, Senior Associate; Siddharth Jain, Associate; and Annapoorani Ramu, Associate.
The competition team was led by Gauri Chhabra, Partner; Ujwala Kishore Adikey, Associate; Eesha Sheth, Associate; and Gargi Yadav, Consultant.
Nishith Desai Associate advised BCI on the legal aspect.
Cyril Amarchand Mangaldas advised Cube Highway Trust on the legal aspect.
S&R Associates advised Placement agents on the legal aspect.
Mubadala was advised by HSBC, Ernst and Young and White and Case LLP on financial, tax and international legal aspects, respectively.