Cyril Amarchand Mangaldas has advised Belrise Industries on its qualified institutions placement of 77,272,727 equity shares of face value of INR 5 each aggregating to INR 1,700 crore. Trilegal acted as the legal counsel for the book running lead manager on this transaction.
Jefferies India Private Limited acted as the book running lead manager on this QIP.
Belrise Industries is an integrated precision engineering company offering a diverse range of safety-critical systems and other engineering solutions.
As of March 31, 2026, it has 24 manufacturing facilities spread across India and overseas. The proceeds of the QIP will be used for repayment of debt, pursuing strategic investments and growth opportunities and working capital.
CAM’s transaction was led by partner – (head – capital markets) Manan Lahoty, and partner Aashima Johur, with support from principal associate Mansi Jhaveri, senior associate Medhashree Verma, and associates Anjini Ganguly, Abhirup Manna, Alok Antony, and Syamantak Sinha.
Trilegal’s deal team was led by partners, Richa Choudhary and Murtaza Zoomkawala, and comprised senior associate, Rainika Malhotra, and associates, Yatin Shikarpuri, Nimisha Sharma, Pallavi Vuppu, Sejal Singh, Manya Sharma and Nandini Ravishankar.
