Khaitan counsel shows happy mind after bumper IPO

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Khaitan & Co was legal counsel to Bengaluru-based tech services company Happiest Minds Technologies in its recent ₹7 billion (US$95 million) initial public offering (IPO), which was oversubscribed nearly 151 times.

Cyril Amarchand Mangaldas (CAM) was legal counsel on Indian law and Herbert Smith Freehills was international legal counsel to the two book running lead managers, ICICI Securities and Nomura.

Expressing his delight at being associated with what he described as a “blockbuster IPO”, Thomas George, one of two partners at Khaitan & Co who advised on the deal, told India Business Law Journal that it was “completely handled remotely and digitally”. Khaitan & Co’s team also comprised partner Rajiv Khaitan, senior associate Suman Prabhu and associate Prathiksha Panduranga.

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