Archive · 21 May 2025
Cyril Amarchand Mangaldas Advises Fusion Finance on ₹8,000 Million Rights Issue
Imagine a company called Fusion Finance wanted to raise some money.
They asked a law firm, Cyril Amarchand Mangaldas, for help.
This firm helped Fusion Finance issue new shares, but these were only partly paid for, meaning investors would pay in installments.
The deal was worth about ₹8,000 million, and lots of people wanted these shares!
The shares started being traded on stock exchanges on May 12, 2025.
The law firm also helped the company's promoters, and big investors like Warburg Pincus and Creation Investments participate in the fundraising.
Cyril Amarchand Mangaldas advised Fusion Finance on a rights issue.
The rights issue involved partly paid-up equity shares.
The deal size was approximately ₹8,000 million.
The rights issue was subscribed 1.5 times.
Trading of the shares commenced on BSE and NSE on May 12, 2025.
- Who
- Cyril Amarchand Mangaldas advised Fusion Finance.
- What
- Cyril Amarchand Mangaldas advised Fusion Finance on a rights issue of partly paid-up equity shares.
- When
- May 12, 2025 (commencement of trading)
- Where
- BSE and NSE
- Why
- To facilitate a rights issue of partly paid-up equity shares.
- Deal Size
- ₹8,000 million
- Lead Manager
- IIFL Capital Services
- Shares
- Partly paid-up equity
- Subscription
- 1.5 times
- Legal Advisor
- Cyril Amarchand Mangaldas