AZB & Partners advised eMudhra on IPO

AZB & Partners advise eMudhra on IPO

The deal was worth approximately Rs.4128 million

The Indian law firm AZB & Partners has advised India's largest licensed authority eMudhra Limited that provides digital trust services and enterprise solutions to individuals and organizations.

The Initial Public Offering (IPO) was of 16,124,456 equity shares for cash at a price of Rs.256 per equity share (including a share premium of Rs.251 per equity share) aggregating to Rs.4,127.86 million comprising fresh issue of equity shares aggregating up to Rs.1,610.00 million and an offer for sale of up to 9,835,394 equity aggregating to Rs.2,517.86 million, by the selling shareholders.

AZB & Partners' Capital Markets team, advising on the deal comprised Partners Varoon Chandra, and Agnik Bhattacharyya and Senior Associate Sweta Ananthanarayanan.