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Link Legal, Amarchand, Clifford Chance on GMR $246m QIP

Link Legal advised GMR Infrastructure which raised Rs 1,477 crore ($246m) through qualified institutional placement (QIP).

Clifford Chance and Amarchand Mangaldas advised Merrill Lynch, Deutsche Bank, J.P. Morgan, Axis Capital and ICICI Securities who were the lead managers to the issue.

Link Legal partner Ajay Sawhney and principal associates Gautham Srinivas and Milind Jha acted for GMR.

Amarchand partner Gaurav Gupte , senior associate Thomas George and associates Devaki Mankad and Surbhi Kocchar acted for the lead managers on Indian law.

Clifford Chance partner Rahul Guptan, counsel Paul Kuo and senior associate Jeremy Ward acted for the lead managers on international law.

The infrastructure leader has sold shares at Rs 31.50 per share, lower than the set floor price of Rs 33.14 per share in the QIP, reported Mint.

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