SAM, Khaitan act on WeWork India ~₹3000 crore IPO

WeWork India Management Limited has raised ₹3,000 crore from an initial public offering, comprising an offer for sale by the promoter selling shareholder and the investor selling shareholder.

Shardul Amarchand Mangaldas & Co advised the issuer WeWork India and the promoter selling shareholder, Embassy Buildcon LLP, as to Indian law, advising on drafting, reviewing and finalizing the IPO-related documentation, and ensuring compliance with regulatory requirements.

The transaction team was led by Nikhil Naredi (Partner) and Ruth Chenchiah (Partner), with support from Tarun Srikanth (Principal Associate), Koshy Mammen (Senior Associate), and Associates Anoushka PV and Abhit Tanay.

The dispute resolution team was led by Shruti Sabharwal (Partner), with support from Avinash Das (Senior Associate), Anant Misra (Senior Associate), and Associates Prachi Gupta and Ayan Tandon.

Khaitan & Co advised the Book Running Lead Managers JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited and 360 One WAM Limited, on this IPO.

The transaction team consisted of Thomas George (Partner), Prathiksha Panduranga (Principal Associate), Aadhya Singh (Associate), Varun Nair (Associate), Lakshmi Raj (Associate) and Anand Sivasankaran (Associate).

The IPO marks a significant milestone for WeWork India, 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.

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