Cyril Amarchand Mangaldas is advising Hyderabad-headquartered multi-brand retail chain RSB Retail on its upcoming initial public offering, which comprises a fresh issue worth INR 500 crore and an offer for sale of 2.98 crore shares. Trilegal advised the book running lead managers to the listing.

The BRLMs comprised Motilal Oswal Investment Advisors, HDFC Bank and IIFL Capital Services.

Promoters offloading shares include key persons like Potti Venkateswarlu, Seerna Rajamouli, and Tiruveedhula Prasada Rao, among others.

INR 275 crore from the fresh issue proceeds will be used to repay or prepay certain loans. INR 118 crore will be utilized for opening new outlets under its flagship brands—R.S. Brothers and South India Shopping Mall. The remaining funds will be directed towards general corporate purposes.

CAM’s team comprised partner Gayathri Ramachandran with support from principal associate Chinar Gupta, and associates Shreya Jain, Akhil Sreenadhu, and Monusha Nambiar.

The Trilegal capital markets team advising on the mandate was led by partner Vijay Parthasarathi, and supported by senior associate Saurav Das, and associates Prajna Kariappa, Amisha Kamane, Animesh Tiwari, and Vansh Dhoka.