Capital markets

Luthra & Luthra and DLA Piper have bagged the 12,500 crore ($2.75bn) follow-on share sale of ONGC, beating five other law firms in a competitive tender, with Amarchand Mangaldas Delhi winning the mandate for the bankers.

Exclusive: AZB & Partners has topped Legally India’s 2010-2011 quarterly initial public offering (IPO) league table taking it to second place in the financial year IPO rankings to date behind Amarchand Mangaldas and overtaking Luthra & Luthra, which did not file any IPOs in the last quarter.

Khaitan & Co and UK firm Berwin Leighton Paisner (BLP) have advised on the Global Depository Receipt (GDR) issue of Indian coal-bed methane producer Great Eastern Energy Corporation Limited (GEECL) on the London Stock Exchange (LSE) after its listing on London's Alternative Investments Market (AIM) earlier in 2005.

Crawford Bayley and Dorsey & Whitney have won the mandate to advise public sector undertaking SAIL on its follow-on public offer (FPO) to raise Rs 8,000 crore.

Exclusive: Amarchand Mangaldas has reclaimed the top rank in Legally India’s 2010-11 first-half-year initial public offering (IPO) league table ahead of Luthra & Luthra, with AZB & Partners winning third place after doubling its IPO mandates compared to the same period last year as Khaitan & Co dropped four ranks.

Five law firms including Amarchand & Mangaldas, Luthra & Luthra, S & R Associates, Crawford Bayley & Co and Fox Mandal have been selected to pitch for the SAIL (Steel Authority of India) first phase 10 per cent share disinvestment, expecting to enrich the Exchequer by Rs 8,000 crores, reported the Economic Times.

Amarchand Mangaldas and Dorsey & Whitney have won the government's mandate on the $1.8bn follow-on public offer (FPO) by Power Grid Corporation of India.

FoxMandal Little and French international firm Gide Loyrette Nouel won the government's mandate to take Manganese Ore (India) Ltd (MOIL) to its initial public offering (IPO) by putting in the lowest bid-price yet compared to recent disinvestments.

Amarchand Mangaldas' Delhi office and Dorsey & Whitney have won the bid on the Hindustan Copper divestment while Khaitan & Co bagged the underwriter's mandate.

Amarchand also won the role for the underwriters on the mammoth Coal India stake sale with Ashurst as international counsel while Luthra had won the tender to advise the company.

Luthra & Luthra jointly topped Legally India's quarterly IPO league tables for the first time alongside Amarchand Mangaldas over the first quarter of the 2010-11 financial year with five mandates each while AZB & Partners slotted into third place.

Start-up firm Axon Partners LLP has advised Shiv-Vani Oil & Gas Exploration Services on its $75m convertible bond issue with Norton Rose's Singapore office getting into the capital markets game by advising the deal's London underwriters Jefferies International.

Amarchand Mangaldas acted on more than half of the total number of Qualified Institutional Placements (QIPs) in Legally India's QIP League Table of the 2009-2010 fiscal year. AZB & Partners and Khaitan & Co were the second-busiest followed by J Sagar Associates (JSA) and Crawford Bayley and S&R Associates amongst domestic firms.

International firm Jones Day bagged the maximum QIPs out of foreign law firms acting for the book running lead managers while Linklaters, Dorsey & Whitney and Clifford Chance also won mandates on a significant numbers of fundraisings.

Amarchand Mangaldas was the busiest IPO law firm in Legally India's 2009-10 financial year (FY) league table by far but the newer practices Luthra & Luthra, S&R Associates, AZB & Partners and Khaitan & Co have managed to keep pace in bank advisory work bagging nearly as many instructions.

Luthra & Luthra and DLA Piper have won two out of two government disinvestment tenders this week for consultancy Engineers India Ltd (EIL) and the world's largest coal producer Coal India Ltd, defeating firms such as Amarchand Mangaldas, AZB & Partners-Clifford Chance, Crawford Bayley and S&R Associates in a competitive tender.