Capital Markets

The vocabulary of fund-raising techniques we set today, are followed by markets tomorrow

Our Capital Markets team comprises specialized securities lawyers who are regarded as the best in India, with an outstanding reputation for handling a broad spectrum of transactions and clients.

Our core clientele includes issuers from a variety of sectors as well as securities market intermediaries such as merchant bankers, stock brokers and portfolio managers. Through our Capital Markets practice, we offer our clients — whether they are unlisted corporates tapping markets for the first time or a listed corporate exploring more complex, multi-source solutions — structures and flexibility to raise any form of finance they need.

Over the years, our lawyers have had a prominent role in many of the developments that have transformed Indian capital markets, most notably, growth of the public markets, development of niche products such as REITs and InvITs and globalization of capital markets through depository receipts and foreign listing.

Raising of capital, both equity and debt, combined with comprehensive financial regulatory practice

30+
Years of Leadership
500+
Capital Raisings
₹2L+ Cr
Total Deal Value
#1
Ranked Practice

Products & Services

Our Markets practice spans raising of capital, both equity and debt, including:

Initial Public Offerings (IPO)
Follow-on Public Offers (FPO)
Rights Issues
Qualified Institutional Placements (QIP)
Preferential Allotments
Offer for Sale (OFS)
American Depository Receipts (ADR)
Global Depository Receipts (GDR)
Foreign Currency Convertible Bonds (FCCB)
Real Estate Investment Trusts (REITs)
Infrastructure Investment Trusts (InvITs)
Private Placements
Bonus Issues & Stock Splits
Buybacks & Delisting

Clients We Serve

Trusted by a diverse range of market participants:

Unlisted Corporates (First-time Issuers)
Listed Corporates
Merchant Bankers
Stock Brokers
Portfolio Managers
Investment Banks
Private Equity Firms
Venture Capital Funds
Family Offices
Anchor Investors

Why Choose Us

🏆

Top-Tier Ranking

Consistently ranked in the top-most band of capital markets practitioners in India

🚀

Pioneering Structures

Pioneering novel structures for sophisticated client base

📋

Regulatory Expertise

Actively contributed to evolution of Indian securities laws with SEBI, RBI, MCA

🌍

Global Reach

Expertise in ADRs, GDRs, foreign listings and cross-border transactions

🤝

Active Regulatory Collaborators

Having been in the industry for close to three decades, we have regularly collaborated with the securities market regulator, the SEBI, as well as the RBI, the CCI, the MCA and the Ministry of Finance.

Securities and Exchange Board of India (SEBI)Reserve Bank of India (RBI)Competition Commission of India (CCI)Ministry of Corporate Affairs (MCA)Ministry of Finance

Stand Out Deals

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Cyril Amarchand Mangaldas advised Healthcare Global Enterprises Limited on their rights issue of equity shares

09/04/2026
Capital MarketsPharmaceuticals, Healthcare & Life Sciences

Cyril Amarchand Mangaldas acted as the Indian legal counsel to Powerica Limited on its IPO of INR 11,000 million

07/04/2026
Capital Markets

Cyril Amarchand Mangaldas acted in relation to fifth round of fundraiser by NHIT through institutional placement of units to eligible investors aggregating to an amount of INR 24,688.08 million, and through a preferential allotment of its units aggregating to an amount of INR 6,172.02 million

31/03/2026
Capital Markets

Latest Updates & Publications

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📄

Unlocking IPOs: SEBI's ICDR Alert: Amendments on Encumbered Share Lock-ins and Streamlined Abridged Prospectus

Alert
📄

The Need for Speed – Fast Track Mergers Incremental Change or Next Gen Reform?

Alert
📘

Digital Handbook on Listing in India

Publications
📕

De'constructing InvITs and REITs

Publications
📗

Handbook on Listing in India

Publications

Key Contacts

YA

Yash J. Ashar

Senior Partner

Get in touch
ML

Manan Lahoty

Partner (Head - Capital Markets)

Get in touch

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