Key Transactions

Capital Raise

USD 120 mn

FY23

Series E Round

Ambit advises Turtlemint in its series E round led by Amansa Capital, Jungle Ventures, Nexus Ventures, Vitruvian Partners, Marshall Wace and their early stage investors.

Series E Round

Ambit advises Turtlemint in its series E round led by Amansa Capital, Jungle Ventures, Nexus Ventures, Vitruvian Partners, Marshall Wace and their early stage investors.

Poonawalla Fincorp Ltd (Magma Fincorp Ltd)

M&A

INR 39 bn

FY23

Advisor to Poonawalla Fincorp on its sale of Poonawalla Housing to TPG

Ambit acted as the exclusive financial advisor to Poonawalla Fincorp on its strategic sale of Poonawalla Housing to TPG for INR 3,900 crores, marking the largest PE-led acquisition in the NBFC sector in India

Advisor to Poonawalla Fincorp on its sale of Poonawalla Housing to TPG

Ambit acted as the exclusive financial advisor to Poonawalla Fincorp on its strategic sale of Poonawalla Housing to TPG for INR 3,900 crores, marking the largest PE-led acquisition in the NBFC sector in India

OTPP

M&A

USD 100 mn

FY23

Acquisition of 40% stake in Mahindra Susten

Exclusive financial adviser to OTPP on acquisition of 40% stake in Mahindra Susten

Acquisition of 40% stake in Mahindra Susten

Exclusive financial adviser to OTPP on acquisition of 40% stake in Mahindra Susten

MensXP

M&A

NA

FY23

Divestment of Times Internet's stake in MensXP, iDiva and Hypp to Mensa Brands

Ambit was the exclusive financial advisor to Times Internet on its successful monetization of 3 content / commerce platforms viz. MensXP, iDiva and Hypp, via sale to Mensa Brands.

Divestment of Times Internet's stake in MensXP, iDiva and Hypp to Mensa Brands

Ambit was the exclusive financial advisor to Times Internet on its successful monetization of 3 content / commerce platforms viz. MensXP, iDiva and Hypp, via sale to Mensa Brands.

Capital Raise

USD 105 mn

FY23

Series D fund raise

Exclusive financial advisor to Clevertap for its Series D fundraise of $105m led by CDPQ. The round was also joined by IIFL Private Equity, along with the participation from existing investors like Tiger Global and Sequoia.

Series D fund raise

Exclusive financial advisor to Clevertap for its Series D fundraise of $105m led by CDPQ. The round was also joined by IIFL Private Equity, along with the participation from existing investors like Tiger Global and Sequoia.

Triveni Engineering

ECM

USD 60 mn

FY23

Sale of Promoter stake

Ambit acted as the Sole Broker to the Promoter for monetization of 7.03% stake in Triveni Engineering & Industries

Sale of Promoter stake

Ambit acted as the Sole Broker to the Promoter for monetization of 7.03% stake in Triveni Engineering & Industries

M&A

USD 200 mn

FY22

Investment in equity raise (as a first tranche of a total USD 300 mn) in AG&P City Gas Distribution Platform in India by I Squared Capital

Investment in one of India's leading city gas distribution platforms

Investment in equity raise (as a first tranche of a total USD 300 mn) in AG&P City Gas Distribution Platform in India by I Squared Capital

Investment in one of India's leading city gas distribution platforms

ECM

INR 3.2 bn

FY22

Lead Manager for the Rights Issue for Data Infrastructure Trust

Ambit acted as the Sole Lead Manager for the first ever Rights Issue of privately placed listed InvIT of INR 3.2 bn rights issue of Data Infrastructure Trust.

Lead Manager for the Rights Issue for Data Infrastructure Trust

Ambit acted as the Sole Lead Manager for the first ever Rights Issue of privately placed listed InvIT of INR 3.2 bn rights issue of Data Infrastructure Trust.

M&A

INR 10 bn

FY22

CPPIB acquired c. 16% additional stake in IndInfravit increasing its stake to c. 44%

One of the largest secondary acquisition in InvITs

CPPIB acquired c. 16% additional stake in IndInfravit increasing its stake to c. 44%

One of the largest secondary acquisition in InvITs