JSA advised Equity International, a US based private equity fund, in relation to the pre-IPO sale of shares of SAMHI Hotels Limited (SAMHI), by (a) Nuvama Crossover Opportunities Fund- Series III, Nuvama Crossover Opportunities Fund- Series IIIA and Nuvama Crossover Opportunities Fund- Series IIIB (collectively Nuvama); (b) TIMF Holdings and (c) Madhuri Madhusudan Kela.
As part of the pre-IPO funding round, Equity International partially exited from its investment in SAMHI by a sale of its equity shares held in SAMHI immediately prior to the IPO of SAMHI which successfully listed on September 22, 2023.
SAMHI is a branded hotel ownership and asset management platform in India with a portfolio of 3,839 keys across 25 operating hotels in 12 of India’s key urban consumption centers, as of March 31, 2023.
The Share Sale Transaction team was: Partner – Tirthankar Datta and Associate – Gail Pereira.
IPO Related Inputs from the JSA Capital Markets Team: Partner – Arka Mookerjee and Siddhartha Desai.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.