Anant Raj Limited Raises ₹1,100 Crore Through Qualified Institutional Placement

"Anant Raj Limited, a residential real estate developer and data centre company in the Delhi-NCR region, has successfully raised ₹1,100 crore through a Qualified Institutional Placement (QIP). The legal advisory for the transaction was provided by Cyril Amarchand Mangaldas, while Trilegal advised the lead managers. The funds will be utilized for developing data centres, ongoing projects, land acquisitions, and debt repayment. Anant Raj has been operational since 1974 and has diversified into cloud services with its platform 'Ashok Cloud'."

In a recent transaction, law firms Cyril Amarchand Mangaldas, Trilegal, and Hogan Lovells participated, advising Anant Raj Limited and the lead managers DAM Capital Advisors Limited and Emkay Global Financial Services Limited, respectively. Anant Raj Limited, a residential real estate developer and data centre company based in the Delhi-NCR region, successfully raised ₹1,100 crore through a Qualified Institutional Placement (QIP). The funds will be utilized for the development of data centres, ongoing project construction, land acquisition, development rights, and debt repayment/pre-payment. The transaction team from Cyril Amarchand Mangaldas included: - Vishal Yaduvanshi (Partner, Regional Co-head - Capital Markets - North) - Priyadarshini Rao (Partner) - Associates: Abishek Sankar, Subhajit Chowdhury, Alok Antony, Aria Sheth, and Krishnam Saboo. From Trilegal, the team advising the lead managers comprised: - Richa Choudhary (Partner) - Murtaza Zoomkawala (Partner) - Senior Associate: Avinash Gautam - Associates: Yatin Shikarpuri and Pallavi Vuppu. Hogan Lovells provided international legal counsel, with the team led by: - Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner).

Anant Raj Limited Raises ₹1,100 Crore Through Qualified Institutional Placement

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