S&R Associates represented Axis Capital, Morgan Stanley, Citigroup, J.P. Morgan and Jefferies, book running lead managers, in the INR 38.99 billion initial public offering by Pine Labs Limited, a leading technology company focused on digitizing commerce through digital payments and issuing solutions.

The S&R team was led by partners Sandip Bhagat, Jabarati Chandra and Jitesh Shahani, and included associates Mohnish Mathew, Aditya Jain, Akshaya Rengan, Sudipta Choudhury and Utkarsh Mani Tripathi.