Zomato listed on NSE and BSE today, INR 9,375 crores IPO advised by Cyril Amarchand Mangaldas
Zomato listed on NSE and BSE today, INR 9,375 crores IPO advised by Cyril Amarchand Mangaldas Cyril Amarchand Mangaldas team advised Zomato Limited, which is a leading food services platform in India, on its initial public offering (IPO). The Capital Markets team of Cyril Amarchand Mangaldas advised Zomato on the Transaction. The Transaction team was led by Yash Ashar, Partner &...
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Zomato listed on NSE and BSE today, INR 9,375 crores IPO advised by Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas team advised Zomato Limited, which is a leading food services platform in India, on its initial public offering (IPO).
The Capital Markets team of Cyril Amarchand Mangaldas advised Zomato on the Transaction. The Transaction team was led by Yash Ashar, Partner & Head – Capital Markets; Bharath Reddy, Partner; Rohan Banerjee, Partner; and Gokul Rajan, Partner; with support from Sindhushri Badarinath, Principal Associate;Aashima Johur, Principal Associate; Nishkarsh Jakhar, Senior Associate; Amitpal Singh, Senior Associate; Aniran Ghoshal, Associate; and Shachi Singh, Associate.
Zomato issued 1,233,552,631 equity shares for cash at a price of INR 76 per equity share, aggregating up to INR 9,375 crores, comprising of a fresh issue of 1,184,210,526 equity shares aggregating up to INR 9,000 crores and an offer for sale of 49,342,105 equity shares aggregating up to INR 375 crores, comprising of 49,342,105 equity shares by Info Edge (India) Limited (the "Offer"). The Offer included a reservation of up to 6,500,000 equity shares aggregating to INR 49.4 crores for purchase by eligible employees of the Company.
This is India's first unicorn to list on the stock exchanges and one of the largest digital economy companies to list in India. The deal is positioned to lead the way for other e-commerce, digital economy and technology-oriented companies to explore listing in India.
Latham & Watkins LLP was the International legal counsel to Kotak Mahindra Capital Limited, Morgan Stanley India Private Limited, Credit Suisse Securities (India) Private Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited (Book Running Lead Managers (BRLMs)
Zomato was listed on NSE and BSE today July 23, 2021.
