Sagar Associates advised Antony Waste Handling Cell Limited and Equirus Capital Private Limited in relation to the proposed initial public offering of AWHCL. AWHCL has filed a draft red herring prospectus on December 24, 2018 with the Securities and Exchange Board of India for an initial public offering comprising of a fresh issue of equity shares aggregating up to INR 435 million and an offer for sale of up to 9,442,164 equity shares by certain existing shareholders of AWHCL.

AWHCL is one of the top five players in the Indian municipal solid waste (“MSW”) management industry with an established track record of 17 years, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. AWHCL is among the select few who have pioneered in MSW collection and transportation sector AWHCL is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management. AWHCL is also present in the emerging waste management area in India which is MSW based waste-to-energy.

The JSA Team comprised Partners Vikram Raghani and Arka Mookerjee; Senior Associate Pracheta Bhattacharya and Swapneil Akut; Associates Rushab Dhandokia, Farah Titina, Ananth Balaji and Krupa Brahmbhatt and Junior Associates Kairav Parikh, Sourav Modi and Kinjal Shah.