Belrise Industries Limited has successfully completed a qualified institutions placement (QIP) of equity shares, raising a substantial ₹1,700 crore. The legal advisory for this significant transaction was spearheaded by Cyril Amarchand Mangaldas, with Belrise Industries as their client.
The team from Cyril Amarchand Mangaldas was led by Manan Lahoty, who is a Partner and the Head of Capital Markets, along with Partner Aashima Johur. They were supported by a proficient group including Mansi Jhaveri, Principal Associate; Medhashree Verma, Senior Associate; and Associates Anjini Ganguly, Abhirup Manna, Alok Antony, and Syamantak Sinha.
On the other hand, Trilegal provided legal counsel to Jefferies India Private Limited, the sole placement agent for this QIP. This team was led by Partners Richa Choudhary and Murtaza Zoomkawala, with essential contributions from Senior Associate Rainika Malhotra and Associates Yatin Shikarpuri, Nimisha Sharma, Pallavi Vuppu, Sejal Singh, Manya Sharma, and Nandini Ravishankar.
International legal expertise was provided by Sidley Austin, acting as the international counsel for Jefferies India Private Limited in this transaction.
Belrise Industries is renowned for its integrated precision engineering solutions, offering a broad spectrum of safety-critical systems and other engineering services. The company operates 24 manufacturing facilities both within India and internationally, as recorded up to March 31, 2026.
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The funds raised through this QIP are earmarked for several strategic purposes, including debt repayment, strategic investments, growth opportunities, and fulfilling working capital requirements.
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