April 29, Mumbai/ Bengaluru: Cyril Amarchand Mangaldas (CAM) advised Aditya Birla Capital Limited on the offer for sale of equity shares of face value ₹ 5 each (“Equity Shares”) of Aditya Birla Sun Life AMC Limited (the “Company”)(“Offer”), which is one of the methods to achieve minimum public shareholding. The Offer was opened on March 19, 2024 for non-retail investors and on March 20, 2024 for retail investors.

The Offer comprised of an offer for sale by the promoters of the Company, namely, Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. (the “Promoters”). BofA Securities India Limited, IIFL Securities Limited, Jefferies India Private Limited, and Spark Institutional Equities Private Limited (a subsidiary of Avendus Capital Private Limited), acted as the brokers to the Offer.

The Promoters have collectively sold 3,21,46,438 Equity Shares representing 11.16% of the total issued and paid-up Equity Share capital of the Company.

The Capital Markets team of Cyril Amarchand Mangaldas advised on the matter. The transaction team was led by Yash Ashar, Partner & Head Capital Markets and Abhinav Kumar, Partner& Regional Head Markets Practice (Western Region); with support from Shubham Sancheti, Senior Associate; & Indira Satish, Associate.


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