Trilegal advised on the successful listing of Jaro Education
The leading law firm in India, Trilegal advised on the successful listing of equity shares by Jaro Institute of Technology Management and Research Limited (“Jaro Education”) aggregating to INR 4,500.00 million (IPO).
Jaro Education is one of India’s leading online higher education and upskilling platform companies, facilitating the delivery of a range of online degree programs and certification courses.
The IPO comprised a fresh issue of equity shares and an offer for sale by one of the promoters. The net proceeds from the fresh issue will be utilised for marketing, brand building and advertising activities, repayment of debt, and general corporate purposes.
The syndicate of book running lead managers comprised Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and Systematix Corporate Services Limited.
The Trilegal team advising on the matter was led by Richa Choudhary (Partner) and supported by Avanti Kale (Counsel); Sanya Chaudhari and Shivayana Balodia (Senior Associates); and Naman Shah and Deepanshu Agarwal (Associates).
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