Shardul Amarchand Mangaldas & Co. acted as the legal counsel to the Book Running Lead Managers as to Indian law in relation to the Initial Public Offering (IPO) of S Chand And Company Limited (S Chand).
S Chand is a leading Indian education content company, delivering content, solutions and services across the education lifecycle throughout the kindergarten, secondary education, higher education and early learning segments.
The Capital Markets Practice of Shardul Amarchand Mangaldas and Co. was led by Prashant Gupta, Partner, National Practice Head - Capital Markets; and included Sayantan Dutta, Partner; Serena Upadhyay, Senior Associate; Devi Prasad Patel, Associate; and S. Nagashayana, Associate.
As a part of the IPO transaction, up to 10,873,982 equity shares of S Chand were offered, including 4,850,746 equity shares being offered through a fresh issue by the company and 6,023,236 equity shares being offered by certain shareholders of S Chand (including an offer for sale of 4,814,736 equity shares by Everstone Capital Partners II LLC).
The Parties involved in the transaction were JM Financial Institutional Securities Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited (collectively, the 'Book Running Lead Managers' or 'BRLMs'), Everstone Capital Partners II LLC and certain other selling shareholders in the Offer.
Other advisors involved in the transaction were as follows:
Book Running Lead Managers: JM Financial Institutional Securities Limited, Axis Capital Limited and Credit Suisse Securities (India) Private Limited acted as the Book Running Lead Managers to the Offer.
Other Legal Advisors: AZB and Partners acted as the legal counsel to S Chand as to Indian law; Clyde and Co acted as the legal counsel to the BRLMs as to international law.
The Prospectus was registered with the Registrar of Companies, National Capital Territory of New Delhi and Haryana on May 2, 2017.
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