Garuda Construction and Engineering Limited, pursuant to its Board Resolution dated November 7 2025, has made a Qualified Institutional Placement aggregating up to ₹500 crore.
Legacy Law Offices advised Garuda Construction and its selling shareholders on this QIP.
The Capital Markets team was led by Pradyun Chakravarty (Associate Partner), with support in Delhi by Naman Anand (Associate) and Pallash Pamnani (Trainee Associate), and in Mumbai by Meghna Shukla (Associate).
Strategic inputs on material contracts and construction-sector related risk factors were provided by Gagan Anand (Managing Partner and Board Member, FIDIC Asia Pacific) and Shalini Munjal (Co-Managing Partner and Chair – General Corporate). Strategic inputs on disclosure of contentious construction claims were provided by Sadiqua Fatma (Senior Partner and Chair – Disputes) and Prakash Korrane (Senior Advisor and Head – Thane). Amarendra Gogoi (Partner – Chandigarh) advised on General Corporate matters.
Garuda Construction and Engineering is a Mumbai-based company specializing in civil construction services. Established in 2010, it offers comprehensive construction solutions across various sectors including residential, commercial, industrial, and infrastructure projects.