Shardul Amarchand Mangaldas & Co (SAM) advised Travel Food Services Limited (TFS) (a joint venture between K Hospitality Group and the SSP Group plc, a UK listed company), on its initial public offering aggregating to USD 233 million.
A market leader in India’s airport QSR and lounge segments, Travel Food Services operates the largest network of travel food outlets and private airport lounges across the country. Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited and Batlivala & Karani Securities India Private Limited were the Book Running Lead Managers on the transaction.
The transaction team was led by Partner, Nikhil Naredi; Counsel, Priya Awasthi; Principal Associate, Harsh Loonker; and Associates, Soundarya M.; and Najeeb Din. Additional assistance was provided by Senior Associate, Neha Sahgal; Associates, Veronica Miranda; and Gayathri Krishnan.
In the run-up to the IPO, the Firm also advised on a range of restructuring, regulatory and corporate matters. These aspects were supported by teams across the firm, comprising Partners, Pooja Ramchandani; Manjari Tyagi; Abhishek Parekh; Pooja Singhania; Kriti Kaushik and Natalee Nanda, Counsel, Kanwardeep Kapany; Principal Associate, Deepika Goyal; Senior Associate, Joanna Barretto; and Associates, Pankhuri Swarnim; and Roop Singh.
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