Shardul Amarchand Mangaldas advises the Book Running Lead Managers in the initial public offering of KFin Technologies Limited
January 6, 2023
Shardul Amarchand Mangaldas advised ICICI Securities Limited, Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, IIFL Securities Limited, and Jefferies India Private Limited (collectively, “Book Running Lead Managers” or “BRLMs”) in the initial public offering of KFin Technologies Limited (“Issuer”) of 40,983,606 equity shares aggregating to INR 15,000 million, comprising entirely of an offer for sale.
The Issuer is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem in India and provides several investor solutions in Malaysia, Philippines and Hong Kong. The deal is valued at USD 181 million approximately. The equity shares of the Issuer were listed on the BSE and NSE on 29 December, 2022.
The Capital markets team was led by Prashant Gupta, Partner – National Practice Head; Monal Mukherjee, Partner; Sanjana Chowdhry, Senior Associate; Harini Jambunathan, Associate; Sayantan Bhattacharyya, Associate.
AZB & Partners acted as the Legal Counsel to the Issuer and General Atlantic Singapore Fund Pte. Ltd, the promoter selling shareholder. White & Case LLP acted as the International Legal Counsel to the BRLMs.