S&R Associates represented Western Carriers (India) Limited, a private multi-modal, rail focused, 4PL asset-light logistics company, and its promoter selling shareholder Rajendra Sethia in its INR 4.92 billion initial public offering.

The S&R team was led by partners Juhi Singh, Jitesh Shahani and Oishika Dasgupta, and included associates Ishan Seth, Shiv Kumar Sharma and Akshaya Rengan; and was also assisted by associates Gunjeet Singh and Eashaan Agarwal.

For reference, please see stock exchange announcements below in relation to the transaction:

https://m.bseindia.com/MAnnDet.aspx?newsid=e2440f41-10bb-468e-a4b2-27da7a313929&Form=STR&scrpcd=544258

https://www.steelcitynettrade.com/Circulars/Listing%20of%20Equity%20Shares%20of%20Western%20Carriers%20(India)%20Limited%20(IPO).pdf