Shardul Amarchand Mangaldas advised IndiaMART InterMESH on its Qualified Institutions Placement
Shardul Amarchand Mangaldas & Co. advised IndiaMART InterMESH Limited on its qualified institutions placement. The deal was valued at ₹ 10,701.66 million and the date of closing was 22 February 2021.
IndiaMART InterMESH Limited is India's largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2020.
The transaction team was led by Prashant Gupta, National Practice Head; Monal Mukherjee, Partner; Sagarnil Banerjee, Principal Associate; Aditya Iyer, Associate and Pulkit Singh Rahangdale, Associate.
AZB & Partners and Latham & Watkins LLP advised ICICI Securities Limited, Edelweiss Financial Services Limited and Jefferies India Private Limited for domestic and international legal aspects, respectively.