Cyril Amarchand Mangaldas Advised IPO Bound SAEL Industries Limited In Relation To A USD 20 Million Investment By Norwegian State-Owned Fund Norfund

Cyril Amarchand Mangaldas advised IPO bound SAEL Industries Limited in relation to a USD 20 million investment by Norwegian state-owned fund Norfund

The Leading Law firm in India, Cyril Amarchand Mangaldas advised IPO-bound SAEL Industries Limited in its pre-IPO fundraise of USD 20 million from Norwegian state-owned fund Norfund. This investment increases Norfund’s total investment in SAEL Industries Limited to USD 130 million.

Cyril Amarchand Mangaldas had previously advised SAEL Industries Limited on its fundraises from Norfund and the United States International Development Finance Corporation in 2023 and 2024.

The Cyril Amarchand Mangaldas Team was led by  Aditi Manchanda (Partner), with support from Kushal Ramotre (Director – Corporate Transactions) and Kaushik Raichura (Associate). Puneet Passi (Partner) advised on capital markets-related aspects.

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