ARTICLE
17 November 2023

IndusLaw Deal Report | Kotak Mahindra Capital Company Limited

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CMS INDUSLAW

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.
Our firm advised Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JM Financial Limited and J.P. Morgan India Private Limited ...
India Law Department Performance

Our firm advised Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JM Financial Limited and J.P. Morgan India Private Limited (Book Running Lead Managers), on the initial public offering by Honasa Consumer Limited (Mamaearth).1

Honasa Consumer Limited operates its flagship 'Mamaearth' brand, as well as The Derma Co., Aqualogica, Ayuga, BBlunt and Dr. Sheth's brands, under its house of brands. It is the largest digital-first BPC company in India in terms of revenue from operations for the Financial Year 2023. Pursuant to the IPO, equity shares of the Company were listed on the BSE and NSE on November 7, 2023.

Deal amount: USD 204.43 million

INDUSLAW Team:

Vishal Yaduvanshi (Partner), Anshul Roy (Principal Associate), Ayushi Tiwari (Associate), Yajunshi Tyagi (Associate), Aditya Singh (Associate), Khushi Maheshwari (Associate), and Divyanshu Singh (Associate).

Other law firms involved:

  • Mamaearth and its promoters: Cyril Amarchand Mangaldas, on matters of Indian law,
  • Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JM Financial Limited and J.P. Morgan India Private Limited: Sidley Austin LLP, as international legal counsel,
  • Investor Selling Shareholders: Khaitan & Co., on matters of Indian law.

Footnotes

1 https://economictimes.indiatimes.com/markets/stocks/news/mamaearth-shares-list-at-2-premium-over-ipoprice/articleshow/105027856.cms

2 https://www.reuters.com/world/india/indian-skincare-firm-mamaearths-ipo-oversubscribed-76-times-2023-11-02/

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