Cyril Amarchand Mangaldas advised Anant Raj on ₹1,100 crore Qualified Institutional Placement (QIP)
The leading law firm in India, Cyril Amarchand Mangaldas (CAM), advised Anant Raj Limited on its ₹1,100 crore Qualified Institutional Placement (QIP), completed in October 2025. The company issued 1.66 crore equity shares at ₹662 per share.
The proceeds from the QIP are intended to support the expansion of Anant Raj’s data center and cloud infrastructure business, construction of ongoing real estate projects, acquisition of land and development rights, and repayment or pre-payment of debt.
Anant Raj Limited is a residential real estate developer and data centre company based in the Delhi-NCR region, with a diversified portfolio including residential integrated townships, group housing, affordable housing, IT parks, malls, office spaces, hotels, and data centers. The company commenced operations in 1974 and has ventured into cloud services through its platform ‘Ashok Cloud’, providing tailored, secure, and robust cloud solutions.
Earlier, Hogan Lovells advised on Anant Raj’s ₹1,100 crore Qualified Institutional Placement (QIP), and Trilegal advised DAM Capital Advisors and Emkay Global Financial Services on Anant Raj’s INR 11,000 million QIP, highlighting the multiple legal advisory roles in the fundraising.
The Cyril Amarchand Mangaldas team advising on the transaction was led by Vishal Yaduvanshi (Partner, Regional Co-head – Capital Markets – North) and Priyadarshini Rao (Partner), supported by Abishek Sankar, Subhajit Chowdhury, Alok Antony, Aria Sheth, and Krishnam Saboo (Associates) .
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