Indian law firm Cyril Amarchand Mangaldas (CAM) advised Burger King India and its Singapore-based promoter, QSR Asia, in the company’s recent ₹8.1 billion (US$111 million) IPO.
IndusLaw was legal counsel on Indian law to the four bookrunning lead managers, and Ashurst was legal counsel on US law. IndusLaw acquired the brief from L&L Partners, which is named as adviser to the bookrunning lead managers on the offer document, in October 2019.
The IPO, which was oversubscribed 155 times, closed on 10 December, and comprised a fresh issue of ₹4.5 billion by Burger King India and an offer for sale of ₹3.6 billion by QSR Asia, its promoter.
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