Shardul Amarchand Mangaldas & Co. Advised Morgan Stanley India On QIP By Zomato
Shardul Amarchand Mangaldas & Co. Advised Morgan Stanley India on QIP by Zomato
Shardul Amarchand Mangaldas & Co. advised Morgan Stanley India Company Private Limited, the sole Book Running Lead Manager (BRLM), on the Qualified Institutions Placement (QIP) by Zomato Limited. The deal is valued at approximately USD 1 billion
This is the largest QIP in India in 2024 and marks a significant milestone as the first QIP by a new-age technology company in India. The transaction also underscores the growing role of technology companies in India’s capital markets and their increasing ability to raise funds from institutional investors.
The Shardul Amarchand Mangaldas & Co. Transaction team was led by Prashant Gupta, National Practice Head – Capital Markets; Sanjana Chowdhry, Principal Associate; Shivang Agarwal, Associate; Kuldeep Bishnoi, Associate; and Jayant Saxena, Associate.
