Cyril Amarchand Mangaldas (CAM), AZB & Partners along with Latham & Watkins advised on Swiggy’s ₹10,000 crore QIP.
This is one of the largest transactions in the Indian consumer tech sector and the second largest QIP by a non-banking company ever in India.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and Citigroup Global Markets India Private Limited were the book running lead managers on the transaction.
CAM advised Swiggy Limited on its qualified institutions placement of equity shares aggregating to ₹ 10,000 crores. The Transaction Team comprised Gokul Rajan, Rushab Dhandokia, Vartika Bhatnagar, Adwait Deshmukh, Tanishq Mohta, Rishika Saraswat and Krishnam Saboo with strategic inputs from Yash J. Ashar.
AZB & Partners advised and represented the book running lead managers. The deal team comprised Senior Partners Varoon Chandra and Lionel D’Almeida, Partner Sweta Ananthanarayanan, Senior Associate Anusha Mehta, and Associates Tanaiy Tewari, Harsh Vardhan Singh, Lavanya Jha, Chitransh Bhansali, and Udit Prajapat.
Latham & Watkins is advising the book running lead managers as sole international counsel.
The Latham team was led by Singapore Partner Rajiv Gupta, with Associates Esha Goel and Nathanael Po. Advice was also provided on tax matters by Chicago Partner Rene de Vera.
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