Oct 10, 2023

Represented Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Securities Limited as the book running lead managers to the qualified institutions placement of equity shares and compulsorily convertible debentures by Cholamandalam Investment and Finance Company Limited

AZB & Partners advised and represented Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Securities Limited as the book running lead managers to the qualified institutions placement of equity shares and compulsorily convertible debentures by Cholamandalam Investment and Finance Company Limited, for an aggregate amount of INR 40 billion. This is the first qualified institutions placement of equity shares and compulsorily convertible debentures by an Indian company.

The deal team comprised our senior partners, Varoon Chandra, Aarthi Sivanandh and Agnik Bhattacharyya; our counsel, Rahul Aggarwal; our senior associate, Kairav Parikh; and our associates, Aratrika Choudhuri, Anusha Mehta, Arika Gupta, Damini Mathur and Yagnesh Sharma.

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