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LEAP India IPO Raises $260M, KKR’s First Promoter Role

By ThePip DeskLEAP India IPO Raises $260M, KKR’s First Promoter Role

LEAP India secures $260M in its IPO, marking a significant milestone as KKR takes on its first promoter role in an Indian public offering.

LEAP India Private Limited has successfully completed its Initial Public Offering (IPO), raising a total of USD 260 million. This particular offering holds distinct significance for KKR, marking its first venture as a promoter in an Indian IPO.

Transaction Highlights

  • Capital Secured: USD 260 million through the IPO.
  • Promoter Role: KKR’s inaugural participation as a promoter for an Initial Public Offering in India.

Shardul Amarchand Mangaldas & Co. (SAM & Co.) provided essential legal advisory services for this substantial transaction. Their firm acted as the legal counsel specifically for the Book Running Lead Managers involved in the IPO process.

Key Legal Advisors from SAM & Co.

  • Partners: Prashant Gupta and Shruti Singh led the legal efforts.
  • Principal Associate: Aakash Srinivasan contributed to the advisory team.
  • Senior Associate: Neha Sharma also played a role in the legal proceedings.

The involvement of SAM & Co. was pivotal in navigating the complex legal landscape for LEAP India’s public market debut. This milestone IPO further solidifies KKR’s strategic and growing presence within India’s dynamic capital markets.

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