Shardul Amarchand Mangaldas advises SBFC Finance Limited on its initial public offering by way of a fresh issue of 105,301,883 equity shares aggregating to ₹ 6,000 million and an offer for sale by the promoter selling shareholders of 74,561,402 equity shares aggregating to ₹ 4,250 million. The deal was valued at approximately ₹ 10,250 million and the equity shares of the Issuer were listed on the BSE and NSE on August 16, 2023.
The proceeds of the fresh issue are to be utilized towards augmenting the Company’s capital base to meet its future capital requirements arising out of the growth of its business and assets.
The Capital Markets team was led by Nikhil Naredi, Partner; Harsh Loonker, Senior Associate; Somya Jena, Associate; Tanvi Prabhu, Associate and Astha Nahar, Associate.
Trilegal and Hogan Lovells Lee & Lee advised ICICI Securities Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited (Book Running Lead Managers) on the legal and international legal aspects, respectively.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co, founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance, and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 812 lawyers including 163 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.