CAM, AZB, Latham act on Swiggy ₹10,000 crore QIP

Swiggy Limited has made a qualified institutions placement of equity shares aggregating to ₹10,000 crore.

Cyril Amarchand Mangaldas advised Swiggy on this QIP.

The transaction team was led by Gokul Rajan (Partner, Regional Co-head - Capital Markets - North) with support from Rushab Dhandokia (Principal Associate), Vartika Bhatnagar (Senior Associate), Associates Adwait Deshmukh, Tanishq Mohta, Rishika Saraswat, and Krishnam Saboo.

Yash J. Ashar (Senior Partner) provided strategic inputs on the transaction.

AZB & Partners advised the book running lead managers, Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited, on this QIP.

Latham & Watkins served as the International Legal Counsel to the BRLMs.

The transaction team was led by Rajiv Gupta (Partner, India Practice Head).

This is one of the largest transactions in the Indian consumer tech sector and the second largest QIP by a non-banking company ever in India.

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