The Capital Markets Practice Shardul Amarchand Mangaldas acted as the legal counsel to Newgen as to Indian law. The Transaction Team was led by Prashant Gupta, Partner, National Practice Head - Capital Markets; and included Sayantan Dutta, Partner; Shraddha Krishnan Dash, Senior Associate; Trishita Dasgupta, Associate; and Ritvika Thakur, Associate.
As a part of the transaction, up to 17,331,483 equity shares of Newgen were sold at a price of Rs 245 per equity share aggregating up to Rs 4,24.62 Crore. It comprised a fresh issue of 3,877,551 equity shares aggregating up to Rs 95 Crore, and an Offer for Sale (OFS) of 13,453,932 equity shares aggregating to Rs 329.6 crore by the selling shareholders.
ICICI Securities Limited and Jefferies India Private Limited acted as the Global Co-ordinators and Book Running Lead Managers (GCBRLM's) and IDFC Bank Limited acted as the Book Running Lead Manager (BRLM) to the offer. Unit Trust of India Investment Advisory Services Limited a/c Ascent India Fund III, IDG Ventures India Fund II LLC, Vistra ITCL (India) Limited (formerly known as IL&FS Trust Company Limited) acted on behalf of Pandara Trust Scheme 1, a scheme of Pandara Trust (managed by Nishaavritra Investment Manager LLP) and SAP V (Mauritius) were the Selling Shareholders.
Other advisors to the transaction were Herbert Smith Freehills LLP (counsel as to U.S. law); and Khaitan & Co. (legal counsel as to Indian law to the GCBRLMs and the BRLM). ALMT Legal (acted as the legal counsel to the Selling Shareholders).
The Prospectus was registered with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi on January 19, 2018. The Allotment of Equity Shares was undertaken on January 24, 2018 and the Equity Shares were listed on the BSE Limited and National Stock Exchange of India Limited on January 29, 2018. (ANI-NewsVoir)