Cyril Amarchand Mangaldasacted as the Indian legal counsel to Rentomojo Limited in its initial public offer of 31,080,978 Equity Shares of face value of INR 1 each aggregating up to INR 12,555.67 million, for cash consideration at a price of INR 404.00 per Equity Shares, comprising of a Fresh Issue of 3,715,449 Equity Shares of face value of INR 1 each aggregating to INR 1,500 million and an Offer for Sale of 27,365,529 Equity Shares of face value of INR 1 each aggregating to INR 11,055.67 million. CAM also represented the Promoter Selling Shareholder, Mr. Geetansh Bamania and Promoter Group Selling Shareholder, Gaurav Bamania in their offer for sale.
The book running lead managers to the Offer were Motilal Oswal Investment Advisors Limited, Axis Capital Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) (“BRLMs”).
The transaction was led by Vishal Yaduvanshi, Partner (Regional Co-Head - Capital Markets - North); and Gayathri Ramachandran, Partner; with support from Surya Rajkumar, Senior Associate; Anna Kallivayalil, Zubin Ronnie, Maria Palamattom and Aarya Maheshwari, Associates.
Bharath Reddy, Partner; with support from Aarav Prasad, Associate; advised on ESOP schemes.
Lomesh Kiran Nidumuri, Partner (Head – Disputes, South India); with support from Tanisha Kumar and Harshali Sulebhavikar, Associates; represented and advised company and founder on certain disputes filed during the course of the transaction.