Investment firms CAM, Latham, Indus, and JSA take action regarding Zomato's planned Initial Public Offering (IPO) valued at approximately $1.11 billion.
Cyril Amarchand Mangaldas Potentially Advises Zomato's IPO, but Details Remain Unconfirmed
The Securities and Exchange Board of India (SEBI) is currently reviewing the draft red herring prospectus (DRHP) filed by Zomato for its Initial Public Offering (IPO). While there is no publicly available information detailing the role of Cyril Amarchand Mangaldas in advising Zomato's IPO in India, the law firm's profile suggests they may have been involved.
Cyril Amarchand Mangaldas is one of India’s leading full-service law firms, often engaged by large corporate clients, including in high-profile IPOs and financial transactions. They typically provide legal advisory services covering regulatory compliance, securities law, corporate governance, and structuring during IPOs.
If engaged by Zomato, the firm’s role would likely include advising on regulatory and compliance aspects under SEBI regulations, structuring the IPO and prospectus preparation, addressing corporate governance frameworks, disclosures, and risk considerations, and coordinating with underwriters, stock exchanges, and regulators.
However, no direct verified details were found in the current search results to confirm specific scope or contributions of Cyril Amarchand Mangaldas in Zomato’s IPO. If precise and verified information is required, consulting official IPO filings, company disclosures, or the law firm's announcements would be necessary.
Meanwhile, it is confirmed that J Sagar Associates (JSA) represents Info Edge as a selling shareholder in Zomato's IPO. Following the IPO, Zomato will become the only online food delivery platform to list in India. Latham & Watkins and IndusLaw are the lead managers for Zomato's IPO.
Interestingly, Zomato recently hired Damini Bhalla, a former partner at L&L Partners, as its general counsel. The JSA team for Zomato's IPO was led by partner Rohitashwa Prasad.
The upcoming Zomato IPO is a significant event in Indian capital markets, and with the involvement of several reputable law firms and financial advisors, it promises to be an interesting development to watch.
The involvement of Cyril Amarchand Mangaldas in Zomato's IPO, while unconfirmed, hints at potential wholesome legal assistance in areas such as regulatory compliance, securities law, and even structuring the IPO. Given that they are a leading Indian law firm often engaged in high-profile IPOs and financial transactions, their expertise could be instrumental in ensuring a smooth IPO process for Zomato.
However, it is verified that J Sagar Associates (JSA) is representing Info Edge as a selling shareholder in Zomato's IPO, highlighting the diverse financial and legal teams involved in this significant event in Indian capital markets.
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