Cyril Amarchand Mangaldas

In the spirit of the season!!! Here are a few glimpses of Christmas celebrations from our Mumbai office. #ChristmasCelebrations #MerryChristmas #Christmas2024 #OfficeCelebration

We represented certain existing shareholders with respect to sale of ~85% stake in R.G. SCIENTIFIC ENTERPRISES PRIVATE LIMITED, which specialises in providing urological and laparoscopic healthcare services in India, to NHPEA V Star (BVI) Limited (a fund managed by Morgan Stanley). Transaction Team: Vishwanath Pratap Singh, Aeruva Akash and Satwik Anand. #RGScientificEnterprises #PrivateEquity #Healthcare #DealUpdate

We advised Sai Life Sciences Ltd (the “Company”) and SAI QUEST SYN PRIVATE LIMITED (the “Promoter Selling Shareholder”) as their legal counsel as to the Indian law on the initial public offering of 55,421,123 equity shares of the Company aggregating to ₹30,426.20 million (the “Offer”) comprising of a fresh issue of 17,304,189 equity shares aggregating to ₹9,500.00 million by the Company and an offer for sale of 38,116,934 equity shares aggregating to ₹20,926.20 million by the selling shareholders. The equity shares commenced trading on the stock exchanges from December 18, 2024. The book running lead managers to the Offer were Kotak Mahindra Capital Company Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Jefferies India Private Limited and Morgan Stanley India Company Private Limited. The transaction team advising the Company included Yash J. Ashar, Manshoor Nazki, Rishav Buxi, Priyanka Khetwal, Divyanshu Singh, Prakhar Jain, Megha Rajesh and Shabri Bose. The transaction team advising the Promoter Selling Shareholder included Aashima Johur, Aniran Ghoshal and Gaurav Sethi Jain. #SaiLifeSciences #CapitalMarkets #LeadingLawFirm #IPO #DealUpdate

Celebrating the season!!! Sharing glimpses of Christmas celebrations from our Bengaluru office. #ChristmasCelebrations #MerryChristmas #Christmas2024 #OfficeCelebration

Jodhpur ITAT recently ruled that an Infosys employee who purchased Bitcoin using his salary should pay capital gains tax at 20% rate and also claim section 54F tax exemption after he sold the Bitcoin for Rs 6.69 crore. The Income Tax Department wanted this person to pay 30% tax on that more than Rs 6 crore gains but lost the case. Our Partner (Head - Taxation) S R Patnaik shares his views on this in an article published by The Economic Times. Read it at: https://lnkd.in/dK8evSjY #Taxation #ITAT #IncomeTaxDepartment #Bitcoin

In relief to fast moving consumer goods (FMCG) players such as Marico and Bajaj Consumer, the Supreme Court on Wednesday ruled in a 15-year-old dispute that small bottles of coconut oil should be classified as edible oil and taxed at 5%, rejecting the tax department’s demand to classify the oil as hair oil and tax it at 18%. Our Partner (Head - Taxation) S R Patnaik shares his views on this in an article published by Business Standard. Read it at: https://lnkd.in/gJ9rrDJQ #FMCG #Taxation #GST

Here are a few glimpses of Christmas celebrations from our Delhi-NCR office.   #ChristmasCelebrations #MerryChristmas #Christmas2024 #OfficeCelebration

CAM Blog: The latest post on our blog by Kapil Arora and Pravar Veer Misra is on “Objections at the first motion stage: Light at the end of the rainbow?” Read it at: https://lnkd.in/dwVQinyN #NCLAT #CompaniesAct #DisputeResolution #BlogsbyCAM

The Supreme Court on Wednesday ruled that small bottles of coconut oil should be classified as edible oil for taxation purposes, resolving a 15-year-long legal dispute between the excise department and manufacturers. Our Partner (Head - Taxation) S R Patnaik shares his views on this in an article published by Mint. Read it at: https://lnkd.in/dFFxtUV6 #Taxation #CoconutOil #EdibleOil #GST

CAM Blog: The latest post on our blog by Kunal Savani, Bipluv Jhingan and Esha Rathi is on “Crypto Sales Prior to AY 2022–23: Taxable as Capital Gains?” Read it at: https://lnkd.in/dmh6aAZr #IncomeTaxAct #VirtualDigitalAssets #Cryptocurrency #BlogsbyCAM