CAM, Indus, Ashurst bite into Burger King India’s massive $ 110 million IPO – Legally India

The quick-service restaurant chain’s initial public offering performance nearly matched the Mazagon Dock Shipbuilders share sale in October, which was subscribed more than 157.41 times. Burger King’s IPO of $ 810 million rupees received offers of 11.67 billion shares, down from 74.49 million on offer, data received as of 5 p.m. Friday, the last day of bidding, showed.

– Mint

The Company also raised INR 1.5 billion through a rights issue and a private placement, as part of its pre-IPO placement prior to filing its red herring prospectus.

IndusLaw advised the book that leads managersincluding Kotak mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited, JM Financial Limited. Equipment included partners Manan lahoty and Manshoor nazki, Senior Associate Priyadarshini Rao, associates Anjali Menon, Rashika Narain and Ritika Banerjee.

Cyril Amarchand Mangaldas acted as Indian legal advisor for Burger King India, directed by partners Yash Ashar, Gokul rajan and Devaki Mankad, senior associates Meesha Varshney and Shiv bhargavaand associates Amitpal singh and Rutvik Shukla.

Cyril Amarchand Mangaldas also acted as attorney for the promoter selling shareholder, QSR Asia Pte Ltd, led by partner Abhinav Kumar, Senior Associate Roshni bhalla and associate Surbhi Purohit.

Ashurst acted as international legal advisor to the leading book in execution managers, directed by partner Stuart rubin, advice Ethan perry and associate Jarvis yau.


Transaction value: INR 8.1 billion

This settlement report is based on a company press release and may be only partially complete. Therefore, some signatures or names of consultants may be missing.

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