PRESS RELEASE
19 September 2024

Deal Release In Relation To Ola Electric IPO: Ola Electric Valued At $4.4 Billion In Debut Trade - The Hindu

KC
Khaitan & Co LLP

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  • A leading full-service law firm with over 560 professionals with Pan-India coverage through offices in Mumbai, Delhi, Bengaluru and Kolkata
  • Lawyers and trusted advisors to leading business houses, multinational corporations, global investors, financial institutions, governments and international law firms
  • Responsive and relationship driven approach to client service on critical issues and along the business life cycle
  • Specialists with deep sector, domain and jurisdictional knowledge to provide effective business solutions
Khaitan & Co acted as the domestic legal counsel as to Indian law to SVF II Ostrich (DE) LLC, an entity of the SoftBank Group Corp., in its capacity as one of the selling shareholders in the initial public offer...
India

Khaitan & Co acted as the domestic legal counsel as to Indian law to SVF II Ostrich (DE) LLC, an entity of the SoftBank Group Corp., in its capacity as one of the selling shareholders in the initial public offer of equity shares of Ola Electric Mobility Limited ("IPO"). The IPO comprised of a fresh issue of equity shares amounting to INR 55,000 million and an offer for sale of equity shares by the existing shareholders amounting to INR 6,455.59 million, resulting in an aggregate IPO size of INR 61,455.59 million.

The core team consisted of Bharat Anand (Partner), Gautham Srinivas (Partner), Nidhi Killawala (Partner), Abhishek Singh (Associate), Aiyushi Sahani (Associate), and Vanshika Chaudhry (Associate), assisted by Sathvik Ponnappa (Partner), and Pulkit Singh Rahangdale (Principal Associate).

Media Links / Press Releases

https://www.thehindu.com/business/markets/ola-electric-valued-at-44-billion-in-debut-trade/article68504570.ece
https://www.business-standard.com/markets/news/ola-electric-ipo-listing-shares-make-tepid-debut-list-flat-on-bse-nse-124080900280_1.html

Contributor

  • A leading full-service law firm with over 560 professionals with Pan-India coverage through offices in Mumbai, Delhi, Bengaluru and Kolkata
  • Lawyers and trusted advisors to leading business houses, multinational corporations, global investors, financial institutions, governments and international law firms
  • Responsive and relationship driven approach to client service on critical issues and along the business life cycle
  • Specialists with deep sector, domain and jurisdictional knowledge to provide effective business solutions

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