Cyril Amarchand Mangaldas\u00a0advised CarTrade Tech Limited (CarTrade) on Initial Public Offer (IPO) of the Company. This is the first IPO in the Indian auto E-commerce space. CarTrade, a multi-channel auto platform with coverage and presence across vehicle types and value-added services, is the only profitable automotive digital platform in India as on date and they are backed by marquee institutional investors including Warburg Pincus, Temasek, JP Morgan, and March Capital.<\/p>\n
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The Capital Markets Practice of Cyril Amarchand Mangaldas advised CarTrade on the Transaction. The transaction team was led by\u00a0Yash Ashar, Partner & Head \u2013 Capital Markets;\u00a0Vijay Parthasarathi, Partner; with support from\u00a0Janhavi Manohar, Principal Associate;\u00a0Tanvi Kini, Senior Associate;\u00a0Chinar Gupta, Associate; and\u00a0Sanyukta Saraf, Associate.<\/p>\n
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The IPO comprised of offer of upto 18,532,216 Equity Shares of face value INR 10 each for cash at a price of INR 1,618 per Equity Share aggregating to INR 29,985.13 million by the Selling Shareholders.<\/p>\n
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Other parties involved in the Transaction were:<\/strong><\/span><\/p>\n Axis Capital Limited (Acted as Book Running lead Manager (BRLM) to the Issue) Cyril Amarchand Mangaldas\u00a0advised CarTrade Tech Limited (CarTrade) on Initial Public Offer (IPO) of the Company. This is the first IPO in the Indian auto E-commerce space. CarTrade, a multi-channel auto platform with coverage and presence across vehicle types and value-added services, is the only profitable automotive digital platform in India as on date and they […]<\/p>\n","protected":false},"author":1,"featured_media":61006,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[47662],"class_list":["post-61004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-ipo-of-car-trade"],"yoast_head":"\n
\nCitigroup Global Markets India Private Limited (Acted as BRLM to the Issue)
\nKotak Mahindra Capital Company Limited (Acted as BRLM to the Issue)
\nNomura Financial Advisory and Securities (India) Private Limited (Acted as BRLM to the Issue)
\nIndusLaw (Acted as Indian Legal Counsel for BRLMs)
\nAZB & Partners (Acted as Indian Legal Counsel for Investor Selling Shareholders)
\nSidley Austin LLP (U.S. Federal Securities Laws Counsel to the BRLMs)
\nThe Transaction was signed on May 15, 2021 and was closed on August 20, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"