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Blow for Jones Day's cap markets: India head Manoj Bhargava, Ankit Kashyap walk

Bhargava (l), Kashyap (r) leave, destination TBC
Bhargava (l), Kashyap (r) leave, destination TBC

Jones Day Singapore capital markets partner and India group head Manoj Bhargava and of counsel Ankit Kashyap have both resigned from the firm around a week ago, Legally India has reliably learnt.

Bhargava has been the main India-focused capital markets (CM) partner at Jones Day’s India practice, having brought significant India initial public offering (IPO) and qualified institutional placement (QIP) marketshare to the firm in his time there, often topping the league tables.

According to his firm profile he has completed more than 75 capital markets transactions since 2010 with an aggregate value of $12.2bn, including the $1.4bn Indian Oil Corporation placement, Lodha Developers’ $200m senior notes offering, Reliance Communications’ $800m QIP and the $510m QIP of Idea Cellular.

Bhargava was promoted to Jones Day’s partnership in 2010, having been at the firm since 2007, after a nine-year spell at Debevoise & Plimpton.

He holds a 1997-law degree from New York University’s (NYU) School of Law, where he is admitted to practice, and a 1994-LLB from Awadhesh Pratap Singh (APS) University.

Kashyap had joined Jones Day in 2007 after having graduated from NLSIU Bangalore in 2004. He then moved to Baker & McKenzie in 2013 after an LLM the University of Pennsylvania’s Wharton Law School, leaving Bakers in May 2015 to re-join Jones Day as an of counsel.

Both could not be reached for comment at the time of going to press.

We have reached out to a Jones Day spokesperson for comment.

Both lawyers’ profiles have been deleted from Jones Day’s website.

Around a year ago, in April 2015, Cyril Amarchand Mangaldas had hired Jones Day Singapore associate Nikhil Naredi for its capital markets practice as a partner.

In December of last year, Jones Day had promoted project finance lawyer and 2003-NLSIU Bangalore graduate Karthik Kumar to its partnership.

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