JSA is advising Kapur Family Trust, the promoter selling shareholder, in connection with the proposed initial public offering (“IPO”) of Travel Food Services Limited (“TFS”).
The IPO is proposed to be undertaken through an offer for sale aggregating up to ₹ 20,000.00 million by the promoter selling shareholder. The transaction also contemplates a share transfer inter-se promoters of TFS, prior to the proposed listing. Both the proposed IPO and proposed share transfer are subject to applicable regulatory and corporate approvals.
TFS is a market leader in the business of managing and operating lounges and food & beverage outlets across airports in India and has filed its draft red herring prospectus with SEBI on December 10, 2024.
Our Merger and Acquisition Team Comprised the Lead Partner and National Corporate Lead – Iqbal Khan, Partner – Tanavi Mohanty, Senior Associate – Megha Diddi and Associates – Subham Biswal, Ishaan Kulshreshtha, and Archit Chakravorty.
Our Capital Market Team Comprised Lead Partner & Co-Chair (Finance) – Madhurima Mukherjee Saha, Partner – Shivali Singh and Associate – Anshuman Singh.
Iqbal Khan is a Partner and National Corporate Head at JSA, with a key role in Private Equity, Mergers & Acquisitions and Joint Venture Practices.