Shardul Amarchand Mangaldas advises the Book Running Lead Managers in the initial public offering by Five-Star Business Finance Limited
December 1, 2022
Shardul Amarchand Mangaldas advised ICICI Securities Limited, Edelweiss Financial Services Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory and Securities (India) Private Limited (collectively, “Book Running Lead Managers” or “BRLMs”) in the initial public offering by Five-Star Business Finance Limited (“Issuer”) of 33,512,901 equity shares aggregating to INR 15,885.12 million by way of an offer for sale. The deal was valued at USD 194.31 million approximately. The equity shares of the Issuer was listed on the BSE and the NSE on 21 November, 2022.
The SAM & Co Capital Markets team was led by Prashant Gupta, Partner, National Practice Head; Sayantan Dutta, Partner; Trishita Dasgupta, Principal Associate; Romit Srivastava, Senior Associate; Rudresh Mandal, Associate.
Cyril Amarchand Mangaldas acted as the legal advisor to the Issuer in the Indian law aspect.
Sidley Austin LLP acted as the International Legal Counsel to the Book Running Lead Managers.
Khaitan & Co acted as the legal advisor to Matrix Partners India Investment Holdings II, LLC, SCI Investments V and Matrix Partners India Investments II Extension, LLC in the Indian law aspect.
AZB & Partners acted as the legal advisor to TPG Asia VII SF Pte. Ltd. and Norwest Venture Partners X – Mauritius in the Indian law aspect