Shardul Amarchand Advises Underwriters In IPO By Niva Bupa Health Insurance For USD 260 Million
Shardul Amarchand Mangaldas & Co. advised the underwriters, ICICI Securities Limited, Morgan Stanley India Company Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited, to the initial public offering of equity shares aggregating to USD 260 Million by Niva Bupa Health Insurance Company Limited.
The IPO included a primary issuance of equity shares by the company as well as secondary sale by its promoters Bupa Singapore Holding Pte Ltd and Fettle Tone LLP (True North). Shares of the company listed at a 6% premium over the IPO price and was subscribed 1.80 times.
The deal team comprised of Partners Prashant Gupta and Abhiroop Amitava Datta, Senior Associate Ankur Verma and Associates Sridutt Mishra, Purva Mishra, Mansie Jain and Mathangi K.
Source: Shardul Amarchand’s LinkedIn Page
Khaitan & Co Advises Varun Beverages On QIP Of 7500 Cr
Khaitan & Co advised Varun Beverages Ltd and lead managers Kotak Mahindra Capital, CLSA India, IFL Capital Services Limited, Jefferies India Pvt Ltd and Motilal Oswal Investment Advisors on its Qualified Institutional Placement (QIP) of Rs.7500 crore.
A QIP is a way for listed Indian companies to raise money through Qualified Institutional Buyers.
The deal team comprised of Abhimanyu Bhattacharya, Gautham Srinivas, Sathvik Ponnappa, Pulkit Singh Rahangdale, Sandeep Chowdhary, Shweta Sivaram, Vaishnavi Gupta, Vanshika Chaudhry and Ujwal Zutshi.
Source: Khaitan & Co’s LinkedIn Page
AZB & Partners Act For Medanta In O&M Agreement For 750-Bed Hospital With 600 Cr. CapEx
AZB & Partners acted for Global Health Limited (Medanta) and Dr. Narayan Dutt Shrimali Foundation International Charitable Trust Society in relation to their Operations and Management agreement for a 750-bed super specialty hospital in Pitampura area of Delhi with a capital expenditure of Rs. 600 crores.
Deal team compromised of Senior Partner Niladri Maulik, Partner Anshuman Vikram Singh, Associates Samarth Shandilya, Prashant Dutta and Shivangi Bhardwaj.
Source: AZB & Partners LinkedIn Page
AZB & Partners Advises Afcons & Goswami Infra On The Largest IPO By An EPC Infra Company In India
AZB & Partners recently advised Afcons Infrastructure Limited and its promoters including Goswami Infratech Private Limited (promoter selling share holder), on the Initial Public Offer by Afcons. This IPO aggregated to Rs 5430 Crore which is the largest IPO by an Engineering Procurement and Construction (EPC), infrastructure company in India.
AZB’s team comprised on Senior Partners Varoon Chandra and Lionel D’Almedia; Partner Rahul Aggarwal, Senior Associate Rajan Chadha and Associates Tanaiy Tiwari, Harsh Vardhan Singh, Damini Mathur and Vaibhav Kumar Shah.
Source: AZB & Partners’ LinkedIn Page
Wadia Ghandy Represents Runwal Group In Acquisition Of Development Rights In An SRA Scheme
Wadia Ghandy & Co. represented the Runwal Group in the their acquisition of development rights of a Slum Rehabilitation Scheme spread across 3 acres in Chembur, Mumbai. The real estate transaction was handled by Partners Krishna Balaji Moorthy and Bhakti M Mehta. The Runwal Group raised the finance from Motilal Oswal and this funding leg of the transaction was handled by Jash Aggarwal. Managing Partner Dhaval J Mehta provided overall guidance in the said transaction.
AZB & JSA Assist In 1000 Cr Deal Between Dharma Productions & Poonawala’s Serene Productions
Adar Poonawalla’s Serene Productions has entered into a binding agreement to invest ₹1,000 crore in Karan Johar’s Dharma Productions and Dharmatic Entertainment for a 50% stake .
Wadia Ghandy & Co. Acted As Lenders’ Counsel For Consortium Of Lenders In Refinancing Of TARC Ltd.’s Debt
Wadia Ghandy & Co. acted as lender’s legal counsel for a consortium of lenders consisting of Kotak Mahindra Bank Limited, Nomura Capital (India) Private Limited, Aditya Birla Finance Limited, STCI Finance Limited and certain other institutions, in the refinancing of TARC Limited’s existing debt.
Pioneer Legal Advises Lateral Investment In Acquisition Of Jurimatrix’s Share In Morae Global
Pioneer Legal advised and assisted Lateral Investment Management LLC in relation to acquisition of entire shareholding of Jurimatrix Services India Private Limited in Morae Global Holdings Inc.
Lateral is a private equity firm based out of San Mateo, California and is engaged in the business of providing bespoke private equity financing solutions to address the requirements of high-growth businesses.
Wadia Ghandy Advises HDFC In Concluding The Largest Securitisation Transaction Worth 9000 Cr.
Wadia Ghandy & Co. advised HDFC Bank Limited in concluding India’s largest asset backed securitisation transaction having a deal value of Rs. 9,062 crore.
This was the first securitisation transaction originated by HDFC Bank Limited and Wadia Ghandy assisted them with both structuring and finalising the transaction documents.
Partners Piyush Kumar and Vibhuti Khetan led the transaction and were assisted by Associates Ajit Ingle and Ashlin Joseph. Deputy Managing Partner Nihas Basheer provided strategic inputs in the matter.
Khaitan & Co. Advises Firstsource In Its Acquisition Of Ascensos
Khaitan & Co. advised Firstsource Solutions (UK), a wholly owned subsidiary of Firstsource Solutions, India in its acquisition of Ascensos (UK) from its existing shareholders, for an aggregate consideration of £42 million, on a cash free and debt free basis.
