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Khaitan & Co advised Anarock Property Consultants Limited on filing the Draft Red Herring Prospectus (DRHP) for its proposed initial public offering of up to ₹1,000 crore. The firm’s team also advised on shareholder agreement-related aspects of the transaction.
The Firm also advised the Selling Shareholders namely, O P Munjal Holdings Limited and Hero Cycles Limited on their participation in the offer for sale component of the Offer.
The IPO marks a significant milestone for the Company, the exclusive licensee of the WeWork brand in India and a leading premium flexible workspace operator, having been the largest operator by total revenue in the past three fiscal years.