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AZB, Luthra, Jones Day assist $253m Ind-Barath Power IPO

AZB & Partners, Luthra & Luthra and Jones Day have advised power generation company Ind-Barath Power Infra on its initial public offering (IPO) of equity shares through which the company hopes to raise Rs 1153 crores.

The Bangalore office of AZB was involved as the domestic legal advisor to the company while Luthra & Luthra Mumbai and Jones Day Singapore led for the underwriters on domestic and international laws respectively.

AZB partner Srinath Dasari led the transaction in Bangalore, while Luthra partner Madhurima Mukherjee and Jones Day India-focused partner Manoj Bhargava are heading up their firms' respective capital markets teams.

The company has eight power projects under operation, with the objective of funding its construction and development costs through this issue.

JM Financial Consultants Private Limited, Motilal Oswal Investment Advisors Private Limited, BofA Merrill Lynch (DSP Merrill Lynch Limited), IDFC Capital Limited and Avendus Capital Private Limited are the book running lead managers to the IPO

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