Capital Markets
The Firm has a premier capital markets practice, showcased by our involvement on large, complex and marquee transactions. We are especially recognized for our understanding of regulatory expectations in a fast-growing capital market, characterized by rapid change and innovation.
Our capital markets practice covers the full spectrum of domestic and cross-border securities markets products, specializing in equity, debt, and hybrid listings. We also advise our clients on restructuring and liability management transactions. Members of our team have advised on a broad range of Rule 144A and Regulation S capital markets transactions for leading Indian companies across a range of industries.
The team advises on capital markets offerings across products types, issuers and sectors. Our experience includes advising on capital markets offerings by Government and private sector issuers in a wide variety of sectors.
Our lawyers draw on their deep product expertise to advise debut and repeat issuers (some being the largest companies in India), sponsors, selling shareholders, underwriters, and financial institutions such as large funds and private equity investors on their capital market transactions.
The Firm routinely works with specialist regulatory, restructuring, banking and finance and dispute resolution teams, maintain strong relationships with key international and Indian investment banks as well as top-tier international law firms, and work seamlessly with them to deliver innovative funding solutions and bring several deals to closure.
Over the last decade, the Firm has advised on the largest Indian IPO (Coal India), the first Indian business trust listing in Singapore (Ascendas), India’s first sovereign blue-chip equity ETF (CPSE ETF), the first Indian public offering priced French-auction style (NTPC) and the first offer for sale transaction by the government of its shares to the public on Indian stock exchanges (ONGC).
Our Partners:
New Delhi
Akshit Kapoor
New Delhi
Overview
Akshit Kapoor has extensive experience in areas of real estate laws, mergers & acquisitions, private client and family office practice, banking and finance, capital markets, PE investments, insolvency and bankruptcy and corporate restructuring.
Akshit has represented and advised both Indian and International clients on general corporate matters, M&A, joint ventures and commercial contracts across various business sectors like health care, automobile, telecom, consumer goods sector etc.
He has closely collaborated with a wide range of international and domestic corporations, advising them on their business operations in both India and abroad. As being part of the Firm’s real estate practice, he has advised some of the largest real estate companies in India and has been involved in advising numerous international clients for their projects in India.
Akshit has represented and advised HNIs and HNFs, business owners, family offices, corporate fiduciaries as well as charitable and not for profit entities on restructuring, creation of trusts and wills, migration of residency and change in citizenship.
Akshit has advised on private placements and public offerings by issuers across a wide range of industries. He also regularly advises companies for their Initial Public Offerings (IPO) as well as on Qualified Institutions Placement (QIP).
Akshit possesses a profound grasp of the intricate commercial and legal intricacies surrounding land ownership, land acquisition, land use and conversion, regulatory and approval matters, foreign investments, and more.
As part of the Firm’s insolvency and bankruptcy practice, Akshit has gone on to advise clients on exit strategies, refinancing, debt restructuring, distressed sale etc. Akshit specializes in representing distressed funds, bidders’/resolution applicants, lenders / Committee of Creditors, and insolvency professionals in the context of restructurings, insolvency resolution processes, and liquidations governed by the Insolvency and Bankruptcy Code, 2016.
New Delhi
Girish Rawat
New Delhi
Overview
Girish Rawat is a qualified lawyer and company secretary with over 18 years of experience. Girish has been involved in numerous complex and high-profile transactions and advises across several sectors, including real estate, projects, infrastructure, hospitality, technology, manufacturing among others.
Girish focuses on banking, finance and restructuring, including structured finance, cross border lending, hybrid debt financing, project finance, acquisition finance, real estate finance as well as restructuring and security enforcement assignments, and the corporate insolvency resolution process.
He actively advises clients on various investment and financing transactions, including bond/ debt securities, both listed and unlisted, buyback of listed securities. He also advises clients on their investment and disinvestment strategies as well as takeover of the listed companies.
Experience Statement
- Acted for and advised State Bank of India in a financing transaction aggregating up to INR 4.36 Billion sanctioned to Solarcraft Power India 21 Private Limited (a SPV of BluPine Energy) for its 120 MW solar project at Panshina and Radhanpur District in the State of Gujarat, India.
- Acted for and advised HDFC Bank in connection with financial assistance of INR 4180 Million granted to a SPV of Blupine Energy for its 120 MW solar project in Sadla, Gujarat.
- Acted for and advised Assam Bio-Refinery Private Limited (a joint venture between Numaligarh Refinery Limited, Fortum 3 B.V., Netherlands and Chempolis OY, Finland) on successfully raising term loan of INR 3037.50 Crore from Power Finance Corporation Limited for its Bio- Refinery plant for 2G Bioethanol production and other products in Numaligarh, Assam.
- Advised Landmark Infracon Private Limited on acquiring land parcel of 39.0083 acres, situated in the revenue estate of Village Rajokri, Sub-Division, Vasant Vihar, District Northwest, Delhi.
- Acted as the sole legal counsel to the public issue of tax free bonds in the nature of secured redeemable non-convertible debentures aggregating to INR 5,000 Crore by Housing and Urban Development Company Limited.
Mumbai
Pradnesh Warke
Mumbai
Pradnesh Warke is a Partner at Luthra and Luthra Law Offices with over sixteen years of experience. A qualified attorney enrolled with the Bar Council of Maharashtra and Goa, Pradnesh is a competent and versatile legal professional with varied large transaction and advisory experience. He has worked with reputed laws firms as well as holds substantial in-house experience, handling various critical and high value transactions from leadership positions.
Pradnesh expertise lies in sectors such as pharmaceuticals, medical devices, healthcare, MedTech and Healthtech, data privacy, medical tourism, wellness and mental health, outsourcing and R&D, global capability centres, food/FMCG, technology, cosmetics, fashion, agriculture, ecommerce, logistics.
He holds significant experience in investment structuring, legal due diligence, ethics and compliance, regulatory experience and representations before several Authorities, capital equipment investment and revenue share models, distributor model and supply chain solutions. advisory, structuring and documentation related to bulk supply of products on revenue share models, logistic solutions, growth solutions and manpower solutions structuring and documentation between companies and medical institutions or hospital chains, investment in Start-ups, review of marketing and advertising campaigns and material, data privacy advisory, trainings and compliance review for agreements, policies, and various other issues, employee and distributor ethics and compliance review, training and monitoring, policy drafting and updating with current changes in the laws for ethics and compliance, data protection and privacy etc., clinical trials issues, advisory and documentation, product recall and related advisory, marketing compliance (UCPMP Code, Drugs and Magic Remedies, Advertising Standards Council of India (ASCI)).
Mumbai
Saswat Mohanty
Mumbai
Saswat Mohanty has extensive experience in varied practice areas.
Saswat has a diverse and rich practice portfolio encompassing IPOs, QIPs, rights issues, public debt issues amongst others. He has represented and advised both Indian and International clients on matters across sectors such as e-commerce, health care, infrastructure, logistics, real estate and telecom to name a few.
Additionally, being part of the National Stock Exchange and other Tier-1 Law Firms of the country in the past, Saswat brings a great deal to the table ranging from regulatory and transactional experience.
Experience Statement
- Acted as the Indian legal counsel for Prabhat Dairy Limited in relation to an IPO with an issue size of INR 3,625.69 Million.
- Acted as the Indian legal counsel for Infibeam Incorporation Limited in relation to an IPO with an issue size of INR 4,500 Million.
- Acted as the Indian legal counsel for Sadbhav Infrastructure Project Limited in relation to an IPO, comprising of a fresh issue and an offer for the sale of shares aggregating to INR 4,916.57 Million.
- Acted as the Indian Legal Counsel for GVR Infra Projects Limited in relation to an IPO with an issue size of INR 4,000 Million.
- Represented the Book Running Lead Managers namely Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, and CLSA India Private Limited in the IPO of Aakash Educational Services Ltd. with a total offer size of INR 92.5 Million.