Cyril Amarchand Mangaldas has acted as the Indian legal counsel to Sterlite Technologies on its qualified institutions placement (QIP) of equity shares of face value of INR 2 each aggregating up to INR 1,500 crore. AZB & Partners and Hogan Lovells acted as the domestic and international counsel to the book running lead managers on this transaction.
Nuvama Wealth Management, J.P. Morgan India and Nomura Financial Advisory and Securities (India) acted as the BRLMs for the Sterlite Technologies QIP.
The proceeds of the QIP are proposed to be utilized towards re-payment and /or prepayment of certain outstanding borrowings of the Company and certain of its subsidiaries, and general corporate purposes.
Sterlite Technologies is a global optical connectivity solutions player, enabling digital connectivity infrastructure worldwide.
Headquartered in India, Sterlite has a global distribution presence and manufacturing capabilities across countries including India, Italy, the United States and China.
CAM’s deal team was led by partner (regional co-head – capital markets – north) Gokul Rajan, and partner Amitpal Singh, with support from senior associate Aditya Singh, and associates Jayadeep Manchikalapudi, Prakhar Jain, Harshita Pareek and Naman Kulshrestha.
The Hogan Lovells capital markets team was led by head of the India practice and Dubai office managing partner Biswajit Chatterjee, with support from counsel Kaustubh George, and senior associates Ajo Jomy and Aditya Rajput.
