Deal Closed | G R Infraprojects Limited | Initial public offering

The details of the deal are as follows:

Sector: Roads 

Announcement Date: 01-Jul-2021 

Completion Date: 19-Jul-2021 

Name of Client: G R Infraprojects Ltd 

Deal Description: Initial public offering of equity shares of G R Infraprojects Limited, for cash, comprising an offer for sale of an aggregate of 11,508,704 equity shares aggregating to approximately INR 9,623.34 million, by certain existing shareholders of the Company. The book running lead managers to the transaction are HDFC Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, and Equirus Capital Private Limited. 

Total Consideration: INR 9623.34 million  (USD 130 million) 

Team Members: Sudhir Bassi (Executive Director), Gautham Srinivas (Partner) and Sathvik Ponnappa (Principal Associate) 

Role of Firm: Legal counsel to the Company as to Indian law 

Other legal advisors if any with names of Lead Lawyers 

Legal counsel to the Book Running Lead Managers as to Indian law - J. Sagar Associates  

Special Purpose International Legal Counsel to the BRLMs - Squire Patton Boggs (MEA) LLP