Trilegal, Fox & Mandal advised on the proposed IPO of Chartered Speed Limited, the first IPO in India’s bus mobility sector, aggregating up to INR 8,550 million.
Chartered Speed is a passenger mobility company in India with over 15 years of industry experience and an operational bus fleet of over 2,000 vehicles. With an extensive network across 500 cities, it serves nearly 3.5 lakh passengers every day.
Trilegal is advising Chartered Speed Limited on the first IPO in India’s bus mobility sector, aggregating up to INR 8,550 million IPO comprising a fresh issue of up to INR 6,550 million and an offer for sale by the promoter shareholder of up to INR 2,000 million.
The Capital Markets Team advising on the matter is led by Partner Abhinav Maker, and comprises Counsel Ajo Jomy, and Associates Debarpita Pande, Jayant Saxena, Mrinal Kumar, Animan Sharma and Kaushik Parkhe.
Fox & Mandal is advising on the proposed IPO of Chartered Speed Ltd, as the counsel to the Promoter Selling Shareholders.
Motilal Oswal Financial Services Ltd and SBI Capital Markets are acting as the Underwriters, and Crawford Bayley & Co. Advocates & Solicitors representing the Underwriters.
The Fox & Mandal team consists of Kunal Vajani, Timothy Franklyn, Rudresh Mandal, and Abhimanyu Kakrania.
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