J. Sagar Associates (JSA) advised Info Edge (India) Limited (Naukri.com) as a selling shareholder in the IPO of Zomato, which listed on 23rd July. The size of the IPO was Rs. 9,375 crore, which included a sale by Info Edge of its shares worth Rs. 375 core. Info Edge was the very first investor in Zomato, and it is a matter of great pride and satisfaction for JSA to have advised Info Edge on its investments in Zomato from the very first in August 2010.
The deal value of the transaction is approx. $1,259 million.
Zomato’s IPO is the first Indian internet unicorn to make its stock market debut. The issue, which was over subscribed by 38 times, is the largest IPO in India since March 2020.
JSA team comprised of Lead Partner – Rohitashwa Prasad and Associate – Aishwarya Abhijit.
Partners – Kumarmangalam Vijay & Manish Mishra advised on taxation aspects.