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