Cyril Amarchand, IndusLaw, Ashurst bite on Burger King 810 crore IPO

Burger King Rs. 810 crore IPO is recorded as the second-most successful initial public offering of 2020, as investors subscribed the IPO by more than 157 times.

The Company also raised INR 1.5 Billion through a rights issue and a private placement, as a part of its pre-IPO placement before the filing of its red herring prospectus.

Cyril Amarchand Mangaldas acted as Indian legal counsel to Burger King and the team was led by Partners Yash Ashar, Gokul Rajan and Devaki Mankad along with Senior Associates Meesha Varshney and Shiv Bhargava, and associates Amitpal Singh and Rutvik Shukla.

CAM Partner Abhinav Kumar, Senior Associate Roshni Bhalla and Associate Surbhi Purohit acted as Indian legal counsel to the Promoter Selling Shareholder, QSR Asia Pte. Ltd.

IndusLaw acted as Indian legal counsel to the Bankers, Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited and JM Financial Limited.

The IndusLaw team was led by Partners Manan Lahoty and Manshoor Nazki, Senior Associate Priyadarshini Rao, Associates Anjali Menon, Rashika Narain and Ritika Banerjee

Partner Stuart Rubin, Counsel Ethan Perry and Associate Jarvis Yau from Ashurst acted as International Legal Counsel to Book Running Lead Managers.

Ranjana Saboo is the Company Secretary, Compliance Officer and Head - Legal of Burger Kind in India.