Shardul Amarchand Mangaldas & Co advised the merchant bankers on the INR 5,520.00 million initial public offering of Landmark Cars Limited

December 26, 2022

Shardul Amarchand Mangaldas & Co. advised the merchant bankers, Axis Capital Limited and ICICI Securities Limited (“Lead Managers”) on the INR 5,520.00 million initial public offering of Landmark Cars Limited (the “Issuer”) which comprised a fresh issue by the Issuer and an offer for sale by certain shareholders of the Issuer. The equity shares of the Issuer were listed on BSE Limited and National Stock Exchange of India Limited on 23 December, 2022.

The Capital Markets team was led by Nikhil Naredi, Partner; Mubashshir Sarshar, Principal Associate; Tarun Srikanth, Associate; Harini Jambunathan, Associate and M. Koshy Mammen, Associate.

Khaitan & Co. acted as the legal counsel to the Issuer and Other Selling Shareholders (Aastha Limited, Sanjay Thakker HUF and Garima Misra) as to Indian Law.

Cyril Amarchand & Mangaldas acted as the legal counsel to the Investor Selling Shareholder (TPG Growth II SF. Pte. Ltd.) as to Indian Law.

Dentons US LLP acted as the international legal counsel to the Lead Managers.

Shardul Amarchand Mangaldas & Co. acted as the legal counsel to the Lead Managers as to Indian Law.