JSA is advising Kapur Family Trust, the promoter selling shareholder, in connection with the proposed initial public offering (“IPO”) of Travel Food Services Limited (“TFS”).
The IPO is proposed to be undertaken through an offer for sale aggregating up to ₹ 20,000.00 million by the promoter selling shareholder. The transaction also contemplates a share transfer inter-se promoters of TFS, prior to the proposed listing. Both the proposed IPO and proposed share transfer are subject to applicable regulatory and corporate approvals.
TFS is a market leader in the business of managing and operating lounges and food & beverage outlets across airports in India and has filed its draft red herring prospectus with SEBI on December 10, 2024.
Our Merger and Acquisition Team Comprised the Lead Partner and National Corporate Lead – Iqbal Khan, Partner – Tanavi Mohanty, Senior Associate – Megha Diddi and Associates – Subham Biswal, Ishaan Kulshreshtha, and Archit Chakravorty.
Our Capital Market Team Comprised Lead Partner & Co-Chair (Finance) – Madhurima Mukherjee Saha, Partner – Shivali Singh and Associate – Anshuman Singh.
Madhurima Mukherjee is a Partner at JSA and Head of the Capital Markets practice, with over 20 years of experience advising on India's most significant domestic and international securities offerings. Recognised as one of India's leading capital markets lawyers, she has advised on landmark IPOs, QIPs, rights issues, REITs, InVITs, block trades and strategic capital-raising transactions for top corporates, financial institutions, investors and government entities.
Shivali advises clients on capital markets transactions and corporate advisory matters, including general corporate commercial laws, Indian securities law and foreign exchange control laws.