Shardul Amarchand Mangaldas & Co. Advises in Relation to Rs. 729 Crore IPO of S Chand And Company

Shardul Amarchand Mangaldas & Co. acted as the legal counsel to the Book Running Lead Managers as to Indian law in relation to the Initial Public Offering (IPO) of S Chand And Company Limited (S Chand). S Chand is a leading Indian education content company, delivering content, solutions and services across the education lifecycle throughout the kindergarten, secondary education, higher education and early learning segments.

The Capital Markets Practice of Shardul Amarchand Mangaldas & Co. was led by Mr. Prashant Gupta, Partner, National Practice Head - Capital Markets; and included Mr. Sayantan Dutta, Partner; Ms. Serena Upadhyay, Senior Associate; Mr. Devi Prasad Patel, Associate; and Mr. S. Nagashayana, Associate.

As a part of the IPO transaction, up to 10,873,982 equity shares of S Chand were offered, including 4,850,746 equity shares being offered through a fresh issue by the company and 6,023,236 equity shares being offered by certain shareholders of S Chand (including an offer for sale of 4,814,736 equity shares by Everstone Capital Partners II LLC).

The Parties involved in the transaction were JM Financial Institutional Securities Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited (collectively, the ‘Book Running Lead Managers’ or ‘BRLMs’), Everstone Capital Partners II LLC and certain other selling shareholders in the Offer.

Other advisors involved in the transaction were as follows

• Book Running Lead Managers: JM Financial Institutional Securities Limited, Axis Capital Limited and Credit Suisse Securities (India) Private Limited acted as the Book Running Lead Managers to the Offer.

• Other Legal Advisors: AZB & Partners acted as the legal counsel to S Chand as to Indian law; Clyde & Co acted as the legal counsel to the BRLMs as to international law.

The Prospectus was registered with the Registrar of Companies, National Capital Territory of New Delhi and Haryana on May 2, 2017.

About Shardul Amarchand Mangaldas & Co.

Established again in 2015, Shardul Amarchand Mangaldas & Co., is one of India’s leading law firms rated by international organisations, law directories and professional journals. As a full service law firm, Shardul Amarchand Mangaldas is renowned in the business community for its ability to enable business, its innovative solutions, responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” in its “Centenary Year of Excellence”.

Currently, the Firm has over 450 lawyers, including 85 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurgaon, Ahmedabad, Kolkata, Bangalore and Chennai.