Cyril Amarchand Mangaldas (CAM), JSA, Sidley Austin, and TT&A advised on AceVector’s INR 420 crore IPO.
AceVector Limited completed its initial public offering of equity shares aggregating to INR 420 crore, comprising a fresh issue aggregating to INR 287 crore and an offer for sale aggregating to INR 133 crore.
AceVector, directly and indirectly through its subsidiaries, operates an asset-light digital commerce ecosystem consisting of data, technology and AI-driven businesses, including the Snapdeal e-commerce marketplace, Unicommerce e-commerce enablement SaaS products and the Stellaro Brands consumer brands business.
Cyril Amarchand Mangaldas acted as Indian legal counsel to AceVector Limited on its initial public offering.
The firm also advised Starfish I Pte. Ltd., a SoftBank entity and promoter selling shareholder, on its participation in the offer for sale component.
The transaction team advising the company was led by Partner (Regional Co-Head – Capital Markets – North) Gokul Rajan, Partners Aashima Johur and Amitpal Singh, Senior Associate Aditya Singh, and Associates Anjini Ganguly, Mahima Aggarwal and Soumya Mohanty.
The team advising the promoter selling shareholder was led by Partner Abhiroop Lahiri, with support from Senior Associate Abishek Sankar and Associate Nikshetaa Jain.
Partner Bharath Reddy, Principal Associate Dipti Khatri, Senior Associate Designate Abhishek Gabriel and Associate Aarav Prasad advised on employment aspects.
JSA acted as Indian legal counsel to the book running lead managers, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), CLSA India Private Limited and Systematix Corporate Services Limited, on the IPO of AceVector Limited.
The JSA Capital Markets team was led by Partner Madhurima Mukherjee Saha, with Partner Sagar Batra, and comprised Senior Associate Bhavini Mohan and Associates Nidhi Prakriti, Shivani Agrawal and Badal Singh.
Sidley Austin Singapore Pte. Ltd. Acted as international legal counsel to the book running lead managers.
Talwar Thakore & Associates (TT&A) advised Nexus India Direct Investments II, Nexus Opportunity Fund Ltd. And Nexus Ventures III, Ltd., the selling shareholders, on the IPO of AceVector Limited.
The TT&A team comprised Partner Abhinav Kumar, Managing Associate Shubham Sancheti, Senior Associate Indira Satish and Associate Daniyal Khan.
