Axis Capital Limited

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Larsen & Toubro
Rs. 97,600 Mn

Primary Product

M&A

Secondary Product

M&A

Date

Mar 2019
Larsen & Toubro
Rs. 97,600 Mn

Primary Product

M&A

Secondary Product

M&A

Date

Mar 2019
Larsen & Toubro, one of India’s leading engineering, technology, and construction conglomerates, entered into a definitive agreement with Mr. VG Siddhartha and his related entities to acquire approximately 20.3% stake in Mindtree in an all-cash transaction.
Additionally, Larsen & Toubro placed an order with its broker Axis Capital for an on-market purchase of up to 15% of share capital of Mindtree. Larsen & Toubro also announced an open offer under SAST Regulations to acquire an additional 31% stake. Mindtree’s offerings include application development & maintenance, consulting, package implementation, digital & cloud, testing, and infrastructure management services.

Axis Capital acted as the Lead Financial Advisor to Larsen & Toubro Limited for acquisition of a controlling stake in Mindtree Limited. Handholding the organization, it executed the transaction end-to-end, ensuring the following:

    • Target assessment & prioritization (vis-à-vis other potential opportunities)

 

    • Assistance in evaluation of MTL including peer comparison and preparation of relevant collaterals

 

    • Advice on transaction structuring

 

    • Transaction related negotiations, documentation and coordinating with legal counsel for the same

 

    • Advice and assistance in various open offer activities

 

    • Exclusive broker to execute the relevant on-market share trades

 

    • Public shareholders (with significant stake holdings) outreach strategy

 

Transactions

Rectangle 18367
Rs. 97,600 Mn

Primary Product: 

M&A

Secondary Product:

M&A

Date:

Mar 2019
Rectangle 18366
Rs. 6,750 Mn

Primary Product: 

ECM

Secondary Product:

Block

Date:

Nov 2020
easemytrip
Rs. 5,100 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Mar 2021
Rectangle 18363
Rs. 6,000 Mn

Primary Product: 

ECM

Secondary Product:

QIP

Date:

Apr 2021
talenview (1)
Rs. 6,000 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Nov 2021
routemobile
Rs. 8,670 Mn

Primary Product: 

ECM

Secondary Product:

QIP

Date:

Nov 2021
mapmyindia
Rs. 10,400 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Dec 2021
Group 1000003790
Undisclosed

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Jun 2022