Khaitan & Co advised Seaways Shipping and Logistics Limited on its proposed initial public offer of equity shares comprising of a fresh issue of up to INR 800m and an offer for sale of up to 6,445,224 equity shares by Parvataneni Vivek Anand, Parvataneni Sudha Mohan, Parvataneni Prasanthi, Parvathaneni Vishwa Ratan, Parvathaneni Divya, Ratakondla Ramesh and IDFC Private Equity Fund II.
The Firm was the sole counsel for the transaction. Seaways Group is one of the largest integrated logistics service and solutions providers in India offering complete range of logistics services across the globe The Group has a wide network of transportation and distribution and provides logistics services across 130 countries.
Sudhir Bassi, Executive Director; Abhimanyu Bhattacharya, Partner; Thomas George, Principal Associate; Oishik Bagchi, Associate; Kirti Krishna, Associate and Aanchal Arora, Associate represented the client on the transaction.