Matrimony.com IPO enables exit for investors

0
1787
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

The ₹4.97 billion (US$76 million) IPO by Matrimony.com facilitated the complete exit of Bessemer and partial exit to Mayfield and CMDB funds as per Luthra & Luthra (L&L) partner Vishal Yaduvanshi.

L&L advised Matrimony in relation to its IPO of equity shares following which the company’s shares were listed on the Bombay Stock Exchange and National Stock Exchange of India. “Our role entailed conducting due diligence on the issuer, drafting the offer document, negotiating the transaction agreements on behalf of the issuer as well as advising on the matters relating to Indian laws in relation to the transaction,” Yaduvanshi told India Business Law Journal.

“The team from Luthra took lead on and played a proactive role in preparing the relevant disclosures in the offer documents as well as advising the client on compliance related activities,” said Yaduvanshi. “Matrimony is one of the first few Indian companies engaged in providing online matrimonial services to undertake an IPO, with significant operations overseas, and, accordingly, the applicable regulatory requirements and compliances needed to be examined thoroughly.”

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link