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AMSS, TTA, Freshfields, Links to take Essar Energy into London's FTSE 100

Offshore rig
Offshore rig
Amarchand Mangaldas, Freshfields Bruckhaus Deringer, Talwar Thakore & Associates and its best friend Linklaters are advising India's second largest power sector company Essar Energy in its plans to raise $2.5bn (Rs 11,000 crores) in a maiden listing on the London Stock Exchange (LSE).

Amarchand & Mangaldas has been engaged by the issuer company, whereas Linklater’s best friend Talwar Thakore & Associates would act for the underwriters on India related legal work, according to the UK's The Lawyer magazine.

Magic circle law firms Freshfields Bruckhaus Deringer and Linklaters have bagged the mandates for Essar and the investment banks Deutsche and JPMorgan respectively.

Both international firms had acted on the IPO listing of mining company Vedanta on LSE in 2003.

The completion of Essar Energy's offer would make the IPO the biggest in London to date and qualify it for inclusion in the FTSE 100 Index.

Established over 40 years ago by chairman Shashi Ruia and ice-chairman Ravi Ruia, Essar Energy has a diverse portfolio of power, exploration and production and refinery assets, including the Vadinar refinery in Gujarat.

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