"Seshaasai Technologies Raises ₹813 Crore in Landmark IPO"

"Seshaasai Technologies Limited has successfully raised ₹813.07 crore through its initial public offering (IPO), becoming the first company in India's payment systems, communications, and fulfilment services sector to do so. The firm specializes in payment systems and services for the banking, financial services, and insurance (BFSI) sector, and is also a major manufacturer of cheque leaves in India. Khaitan & Co provided legal advice for the IPO."

In a recent transaction, Khaitan & Co acted as legal advisors to Seshaasai Technologies Limited and the promoter selling shareholders, Pragnyat Pravin Lalwani and Gautam Sampatraj Jain, in connection with the company's initial public offering (IPO). Seshaasai Technologies Limited successfully raised ₹813.07 crore through its IPO, marking a significant milestone as it is the first company in India's payment systems, communications, and fulfilment services sector to undertake such an offering. The company specializes in payment systems, communications, and fulfilment services, primarily focusing on the banking, financial services, and insurance (BFSI) sector, and also offers Internet of Things (IoT) solutions. The transaction team from Khaitan & Co included Sudhir Bassi (Executive Director), Soumya Mohapatra (Partner), Mishi Malhotra (Associate), and Charul Lunia (Associate).

"Seshaasai Technologies Raises ₹813 Crore in Landmark IPO"

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