WeWork India Raises ₹2,999 Crore in Successful IPO

"WeWork India has successfully raised ₹2,999.643 crore through its initial public offering (IPO), which included an offer for sale by both the promoter and investor selling shareholders. The legal advisory for the IPO was provided by Shardul Amarchand Mangaldas & Co, while Khaitan & Co advised the Book Running Lead Managers. This IPO is a significant milestone for WeWork India, which is the exclusive licensee of the WeWork brand in India and has been the largest operator in the flexible workspace sector by revenue for the past three years."

In a recent transaction, Shardul Amarchand Mangaldas & Co advised WeWork India and the promoter selling shareholder, Embassy Buildcon LLP, while Khaitan & Co provided counsel to the Book Running Lead Managers, including JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 One WAM Limited. WeWork India Management Limited successfully raised ₹2,999.643 crore through an initial public offering (IPO), which included an offer for sale by both the promoter selling shareholder and the investor selling shareholder. This IPO represents a significant milestone for WeWork India, which is the exclusive licensee of the WeWork brand in India and has been the largest operator by total revenue for the past three fiscal years. The legal teams involved in the transaction included: **Shardul Amarchand Mangaldas & Co:** - Nikhil Naredi (Partner) - Ruth Chenchiah (Partner) - Tarun Srikanth (Principal Associate) - Koshy Mammen (Senior Associate) - Anoushka PV (Associate) - Abhit Tanay (Associate) **Khaitan & Co:** - Thomas George (Partner) - Prathiksha Panduranga (Principal Associate) - Aadhya Singh (Associate) - Varun Nair (Associate) - Lakshmi Raj (Associate) - Anand Sivasankaran (Associate) The teams provided comprehensive legal support, including drafting, reviewing, and finalizing IPO-related documentation, as well as ensuring compliance with regulatory requirements.

WeWork India Raises ₹2,999 Crore in Successful IPO

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