Shardul Amarchand Mangaldas Advises Steadview Capital on Pre‑IPO Secondary Purchase in Wakefit Innovations

"Shardul Amarchand Mangaldas & Co. advised Steadview Capital Mauritius Limited on a pre‑IPO secondary purchase of equity shares in Wakefit Innovations Limited from Verlinvest S.A. The transaction is part of a broader pre‑IPO round ahead of Wakefit’s proposed public listing, for which the company filed a red herring prospectus with the Registrar of Companies, Karnataka (Bengaluru) and SEBI."

Shardul Amarchand Mangaldas & Co. advised Steadview Capital Mauritius Limited on its pre‑IPO secondary purchase of equity shares in Wakefit Innovations Limited from Verlinvest S.A. The transaction comprised a secondary purchase of equity shares from Verlinvest S.A. and forms part of a broader pre‑IPO round undertaken ahead of Wakefit Innovations Limited’s proposed public listing. Wakefit has filed its red herring prospectus with the Registrar of Companies, Karnataka at Bengaluru, and with the Securities and Exchange Board of India in connection with the proposed IPO. Shardul Amarchand Mangaldas & Co. represented Steadview Capital Mauritius Limited with a team composed by: Harshita Srivastava, Partner; Palomita Sharma, Associate; Rahul Yadav, Partner (tax aspects); and Nimish Malpani, Principal Associate (tax aspects).

Shardul Amarchand Mangaldas Advises Steadview Capital on Pre‑IPO Secondary Purchase in Wakefit Innovations

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