Key Transactions

ECM

INR 1.89 bn

FY20

Sole Book Runner and Broker for the sale of PE Investor’s stake in Narayana Hrudayalaya Ltd

Assisted a PE investor in divesting its long term holding in Narayana Hrudayalaya. Ambit's strong conviction on NH helped garner demand in an otherwise thinly traded stock.

Sole Book Runner and Broker for the sale of PE Investor’s stake in Narayana Hrudayalaya Ltd

Assisted a PE investor in divesting its long term holding in Narayana Hrudayalaya. Ambit's strong conviction on NH helped garner demand in an otherwise thinly traded stock.

ECM

NA

FY20

Financial Advisor to Bayer AG for Open Offer of Monsanto India Ltd. and its subsequent merger with Bayer CropScience Ltd.

Financial Advisor to Bayer AG for Open Offer of Monsanto India Ltd. and subsequent merger with Bayer CropScience Ltd.

Financial Advisor to Bayer AG for Open Offer of Monsanto India Ltd. and its subsequent merger with Bayer CropScience Ltd.

Financial Advisor to Bayer AG for Open Offer of Monsanto India Ltd. and subsequent merger with Bayer CropScience Ltd.

ECM

INR 0.44 bn

FY20

Sole Book Runner and Broker for the sale of Standard Chartered PE’s stake in Varun Beverages

Assisted a PE investor in divesting its stake in Varun Beverages

Sole Book Runner and Broker for the sale of Standard Chartered PE’s stake in Varun Beverages

Assisted a PE investor in divesting its stake in Varun Beverages

M&A

NA

FY20

Divestment of 50% shareholding by Graviss Food Solutions Pvt. Ltd. to Rich Products Corporation, USA in their Indian joint venture

Rich’s and Graviss entered into a joint venture ~25 years ago and Graviss helped establish Rich’s brands in India and become the market leader in its category. Ambit assisted Graviss in shareholder negotiations during the course of the transaction and advised on pricing, structuring and definitive documentation

Divestment of 50% shareholding by Graviss Food Solutions Pvt. Ltd. to Rich Products Corporation, USA in their Indian joint venture

Rich’s and Graviss entered into a joint venture ~25 years ago and Graviss helped establish Rich’s brands in India and become the market leader in its category. Ambit assisted Graviss in shareholder negotiations during the course of the transaction and advised on pricing, structuring and definitive documentation

ECM

INR 0.33 bn

FY20

Manager to Open Market Buyback Offer of ACE Limited

Acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and improve return ratios and indirectly increase promoter shareholding.

Manager to Open Market Buyback Offer of ACE Limited

Acted as Manager to Open Market Buyback Offer which helped the company to distribute surplus cash and improve return ratios and indirectly increase promoter shareholding.

M&A

INR 63 bn

FY20

Acquisition of 8 road assets of Sadbhav Infrastructure by IndInfavit; Preferential issue subscribed by key unitholders - Allianz, CPPIB, OMERS and L&T IDPL

One of India’s largest Road Infrastructure M&A deals. Ambit was the exclusive financial advisor to IndInfravit (L&T IDPL sponsored Privately Placed InvIT), which has marquee investors including Allianz, CPPIB and OMERS. First follow-on preferential issuance by a Privately Placed InvIT; First NCD issuance by an InvIT in the Indian market. 

Acquisition of 8 road assets of Sadbhav Infrastructure by IndInfavit; Preferential issue subscribed by key unitholders - Allianz, CPPIB, OMERS and L&T IDPL

One of India’s largest Road Infrastructure M&A deals. Ambit was the exclusive financial advisor to IndInfravit (L&T IDPL sponsored Privately Placed InvIT), which has marquee investors including Allianz, CPPIB and OMERS. First follow-on preferential issuance by a Privately Placed InvIT; First NCD issuance by an InvIT in the Indian market. 

ECM

INR 2.28 bn

FY20

Manager to Tender Buyback Offer of Greaves Cotton

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner and indirectly increase promoter shareholding.

Manager to Tender Buyback Offer of Greaves Cotton

Acted as Manager to tender Buyback Offer which helped the company to distribute surplus cash in a tax efficient manner and indirectly increase promoter shareholding.

Capital Raise

INR 2.9 bn

FY20

Equity fund raise for 24.9% from Adar Poonawalla Group

Assisted Ambit Finvest, systematically important NBFC, in a fund raise and brought in multiple pools of capital including private equity and family offices to help Ambit Finvest choose the most appropriate capital pool. Managed a tight execution which helped in an expedited closing

Equity fund raise for 24.9% from Adar Poonawalla Group

Assisted Ambit Finvest, systematically important NBFC, in a fund raise and brought in multiple pools of capital including private equity and family offices to help Ambit Finvest choose the most appropriate capital pool. Managed a tight execution which helped in an expedited closing

ECM

INR 3.5 bn

FY20

Ambit was the Sole Book Runner and Broker for the sale of Promoter’s stake in Relaxo Footwears Ltd

Helped the Promoters monetize a part of their stake in Relaxo Footwear via a secondary market sale and also enhance liquidity in the stock. Ambit successfully placed ~15% of free float at minimal discount of ~3%

Ambit was the Sole Book Runner and Broker for the sale of Promoter’s stake in Relaxo Footwears Ltd

Helped the Promoters monetize a part of their stake in Relaxo Footwear via a secondary market sale and also enhance liquidity in the stock. Ambit successfully placed ~15% of free float at minimal discount of ~3%