•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Four IPOs hit market, keep Amarchand, Luthra, Rajani busy

stock_exchange_chart_th
stock_exchange_chart_th
A raft of law firms have picked up mandates on the four latest initial public offer (IPO) proposals to be filed with the Securities and Exchange Board of India (SEBI), with Amarchand Mangaldas taking two issuer mandates, Luthra & Luthra acting for one company and Rajani Associates for the fourth.

Amarchand so far leads the tally of IPOs advised on this year, as reported by Legally India last month.

JSW Energy
Amarchand Mumbai capital markets partner Yash Ashar is leading for power company JSW Energy on its Rs 3,000 crore ($616m) IPO.

Khaitan & Co Mumbai partner Nikhilesh Panchal advised the underwriting banks, marking the second IPO that both partners are acting on the company and banks' sides after the Adani Power IPO Legally India reported last month.

Latham & Watkins Singapore partner Rajiv Gupta acted as international counsel for the banks.


DEN Networks
Private equity-backed "multi-systems operator" DEN Networks is set to raise 280 to 300 crore ($58m – $62m) and is advised by Amarchand's Delhi office, where managing partner Shardul Shroff and principal associate Prashan Gupta are leading the team.

Link Legal's Delhi office and partner Munish Sharma is advising the banks on domestic legal issues. Link Legal's founding partner Atul Sharma is also on DEN Network's board of directors.

London and Sydney based Dorsey & Whitney special counsel Jamie Benson is understood to be acting as the banks' international counsel to the issue.


DB Corp
Gujarati media company DB Corp is advised by Luthra & Luthra on its IPO of almost 25m equity shares, which is yet to be valued.

Luthra & Luthra Delhi capital markets partner Madhurima Mukherjee is leading the team, with Mumbai group head Manan Lahoty assisting with associates Sudha Muddaiah and Pragati Kumar.

Desai & Diwanji Delhi partner Amit Khan Saheb and Mumbai partner Apurva Diwanji are advising the bankers to the deal, Citibank Global Markets India, with associates Shyam Pandya and Angad Dhindsa assisting.

Skadden, Arps, Slate, Meagher & Flom's Singapore office is acting as international counsel to the bankers, and AZB & Partners Mumbai is acting for the disposing shareholder Cliffrose Investment.


Jindal Cotex
Rajani Associates Mumbai office is acting as joint counsel to the financial adviser and the chemical and garment yarn manufacturer Jindal Cotex, which is set to raise up to Rs 90 crore ($19m) with its IPO.

Rajani Associates partner Sanjay Israni and associate Prachi Doshi procured the instruction through Saffron Capital Advisors, which is the financial adviser to the issue.

No comments yet: share your views