IPO of One97 Communications Limited

J. Sagar Associates (JSA) acted as Indian Legal Counsel to Other Selling Shareholders (we represent 18 institutional and individual shareholders) in the proposed Initial Public Offer of One97 Communications Limited (Paytm), aggregating to USD 2.2 billion. DRHP has been filed with SEBI.

The Initial Public Offering of Equity Shares of Face Value of ₹ 1 each of One 97 Communications Limited Aggregating up to ₹ 166,000 million, comprising a Fresh Issue of up to ₹ 83,000 million and an Offer for Sale of up to ₹ 83,000 million.

The Issuer is India’s leading digital ecosystem for consumers and merchants and offer payment services, commerce and cloud services, and financial services. According to news reports, this IPO is poised to become the country’s biggest initial share sale.

JSA team comprised of Lead Partner – Madhurima Mukherjee, Partner – Niruphama Ramakrishnan, Senior Associate – Shivali Singh and Junior Associate – Bhavini Mohan.