The Firm has one of the foremost capital markets and securities laws practice in India. Our experience encompasses a wide range of securities offerings in the domestic and international markets. This includes initial public offerings, further public offerings, rights issues, qualified institutions placements, ADR and GDR offerings and debt offerings. Our capital markets and securities laws practice is headed by Ms. Madhurima Mukherjee, Partner, with Mr. Manan Lahoty, Partner, based in Mumbai and Mr. Indraneel Basu Majumdar, Partner, based in New Delhi. They are assisted by a team of associates in New Delhi and Mumbai. In a growing capital markets characterized by rapid change and innovation, with our wealth of experience and interaction with listing authorities and regulators, our team understands regulatory expectations and has expertise in developing unique structures for specific clients needs.
Chambers 2011 has recognized our capital markets practice in
Band I. Ms. Madhurima Mukherjee has been recognized in the International WHO'S WHO of Professionals for its 2009 and 2010 edition as a leading capital markets lawyer. She is also among the select few lawyers in India to have been ranked by
Chambers 2011 in Band I for capital markets. Transactions on which we have advised, have in the past consistently won various awards, including the
‘Capital Markets Deals of the Year’ awards by India Business Law Journal.
The Firm has advised companies in diverse sectors, investment banks, governments and other entities, in some of the largest and most prestigious capital markets transactions in India. The Firm has recently advised the Government of India in the US$ 3.4 billion initial public offering of Coal India, the largest initial public offering in India till date. Other clients advised by the Firm include, DLF, Vedanta group, GMR Infrastructure, GVK Power, Zee, Religare and Jaypee groups, Ansal group, Edelweiss Capital, D.B. Corp, Godrej Properties, Canara Bank and LIC Housing Finance. We have also worked closely with various investment banks such as Axis Bank, Avendus Capital, Barclays, DSP Merrill Lynch, Citi, Centrum, Daiwa, Deutsche, Edelweiss, Enam, Goldman Sachs, HDFC Bank, ICICI Securities, IDBI Capital, IDFC Capital, JM Financial, JP Morgan, Kotak, Macquarie, Morgan Stanley, Nomura, RBS, Religare Capital, SBI Capital Markets, Standard Chartered Bank, and UBS.
Among international offerings, we have acted for the underwriters in the US$ 1.50 billion american depository share issue of Sterlite Industries, a part of the London-listed Vedanta Resources group, and for Ascendas India Trust, in the public offering and listing of its units on the Singapore Stock Exchange, the first listing by an Indian REIT on the Singapore Stock Exchange. We also have significant experience advising on offerings of debt securities, including private placement of debt securities. We advised Cairn India and DLF in relation to private placement of debentures, and have advised Noida Toll Bridge Company in the public issue of its deep discount bonds.
In addition to advising on capital market offerings, our capital markets and securities laws team also advices companies and market intermediaries on regulatory compliance and various corporate governance issues in relation to securities laws in India.