Shardul Amarchand Mangaldas and co. advises in relation to IPO of SIS Limited

| Updated: Aug 10, 2017 22:29 IST

New Delhi [India], Aug 10 (ANI-NewsVoir): Shardul Amarchand Mangaldas & Co. (SAM & Co.) advised the Underwriters in relation to Rs. 779 Crore IPO of SIS Limited. The IPO of Security and Intelligence Services (India) Limited (SIS Limited) was the first by a private security services company in India. The shares of SIS Limited are proposed to be listed on the NSE and the BSE on August 10, 2017. The Capital Markets Practice of SAM &Co'sadvised the Underwriters to the transaction in the were Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited, Yes Securities (India) Limited, IDBI Capital Markets & Securities Limited. The Transaction Team was led by Prashant Gupta, Partner and National Practice Head - Capital Markets; and included Sayantan Dutta Partner; Abhinav Maker, Senior Associate; Devi Patel, Associate; and Abhay PranPesh in Associate. As a part of the transaction, 9,565,404 equity shares of SIS Limited, aggregating to Rs. 779.58 crore. It comprised of a fresh issue of 4,444,785 equity shares by the company aggregating to Rs. 362.25 crore (the Fresh Issue) and an offer for sale (OFS) of 5,120,619 equity shares aggregating to Rs. 417.33 crore by the selling shareholders. The OFS portion comprised of an sale of 3,402,764 equity shares aggregating to Rs. 277.32 crore by Theano Private Limited; sale of 68,336 equity shares aggregating to Rs. 5.59 Crore by AAJV Investment Trust (Theano and AAJV are entities affiliated to the CX Partners), sale of 786,517 equity shares aggregating to Rs. 64.1 crore by Ravindra Kishore Sinha, sale of 524,345 Shares aggregating to Rs. 42.73 crore equity shares by Rituraj Kishore Sinha (the promoters of the Company), and sale of 338,657 Shares aggregating to Rs. 27.6 crore equity shares by certain other selling shareholders. Other advisors to the transaction were Luthra and Luthra Law Offices (Legal Counsel to the Issuer Company) and Sidley Austin, LLP (International legal counsel to the Underwriters). The deal was signed on 31 July 2017 and is expected to close in the next few days. (ANI-NewsVoir)

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