Skip to main content

Cyril Amarchand Mangaldas has advised Indian food delivery app Zomato on its proposed 82.5-billion-rupee ($1.11 billion) IPO on the NSE and BSE, with the lead managers being counselled by Latham & Watkins and IndusLaw.

J Sagar Associates (JSA) has represented Info Edge as a selling shareholder in the IPO.

Market regulator Securities and Exchange Board of India is reviewing the draft red herring prospectus (DRHP) filed by Zomato last week. The company recently hired Damini Bhalla, a former partner at L&L Partners, as its general counsel. Following the IPO, Zomato will become the only online food delivery platform to list in India.

The JSA team was led by partner Rohitashwa Prasad.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

FORUM: Midas Touch

by Sarah Wong |

As companies across Asia navigate global macroeconomic complexities fuelled by high inflation and slowing growth, they are growing more prudent over budgets control while still aiming to hit business goals. As such, corporate legal departments are tasked with maximising value to companies with fewer resources at their disposal. General counsel share with ALB how they harness the power of innovation to achieve this Herculean task.

AZB advises Uber on $392 mln exit from Zomato

by Mari Iwata |

AZB & Partners has advised Uber on the $392 million sale of its 7.8 percent stake in Indian food delivery company Zomato.

CAM, Latham, Indus, JSA act on Zomato’s planned $1.11 bln IPO

by Aparna Sai |

Cyril Amarchand Mangaldas has advised Indian food delivery app Zomato on its proposed 82.5-billion-rupee ($1.11 billion) IPO on the NSE and BSE, with the lead managers being counselled by Latham & Watkins and IndusLaw.