securities and capital markets - khaitan & co markets.pdf · institutional placement program...
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Securities and Capital Markets
FOR PRIVATE CIRCULATION ONLY
ABOUT US… A SNAPSHOT Established in 1911 in Kolkata by Late Debi Prasad Khaitan, a member of the
Constituent Assembly that framed the Constitution of India
Offices at Kolkata, New Delhi, Bengaluru and Mumbai
115 partners and directors across 4 offices in India
500+ fee earners, including partners and directors
OUR PRACTICE AREASWe are amongst India's most prominent and elite full-service law firms with domain expertise in all practice areas, including:
FOR PRIVATE CIRCULATION ONLY
CAPITAL MARKETS PRACTICE Focused practice on Securities Law
Large team with 12 Partners and 29 Associates
Low Leverage of associates leading to ‘high partner time’ on transactions
Regulatory capability-RBI, FIPB, SEBI, IRDA, Stock Exchanges and CCI
Advises on all matters relating to: Fund raisings (Equity & Debt, Public & Private, Domestic & International) Takeovers, buy-backs, delisting, Block/Bulk trades, Offer for Sale (Secondary)
Divestment through public markets Securities litigation Mergers and acquisitions Corporate advisory
Clients: Issuers Investment Banks Private equity funds
Capital Markets Practice at Mumbai, New Delhi and Bengaluru
RECENT RANKINGS
Ranked as Tier I Indian Law Firm
Capital MarketsBanking & FinanceCorporate & M&ADispute ResolutionProjects & Energy
Tax
Ranked as Tier I Indian Law Firm
Capital MarketsCorporate & M&A
The Asian Lawyer - Emerging Markets
Awards 2016Firm of the year - India
Ranked as Tier I Indian Law Firm
Corporate & M&A Private Equity
FOR PRIVATE CIRCULATION ONLY
WHAT OTHERS HAVE TO SAYLEGAL 500 ASIA PACIFIC 2016
The team at Khaitan & Co acts for issuers and underwriters on the full range of equity and debt transactions, and has been involved in some of the largest and most challenging deals in the country.
Khaitan & Co is a 'heavyweight' firm in the corporate and M&A space that 'stands out' thanks to 'its strong level of service'. The group acts for local and international corporations on transactions spanning a range of sectors.
RECENT NOTABLE TRANSACTIONS
INITIAL PUBLIC OFFERINGS
FOR PRIVATE CIRCULATION ONLY
Initial Public Issue
Counsel to the Company
USD 66.49 million approximately
Initial Public Issue
Counsel to the Company
Institutional Placement Program
Counsel to Company
USD 583.69 million
Hindustan Aeronautics Limited
Legal Counsel to the Issuer and the Selling Shareholder
DRHP filed
SBI Life Insurance Company Limited
Legal Counsel to the Lead Managers
USD 1,279.33 million
Initial Public Issue
Counsel to Selling Shareholders
USD 470 million
Counsel to Underwriters
USD 75.5 million
Mahindra Logistics Limited
Legal Counsel to the Issuer and Promoter Selling Shareholder
DRHP filed
Initial Public Issue
Counsel to Company
USD 204 million approximately
Initial Public Issue
Counsel to the Company
USD 154 million approximately
Initial Public Issue
Counsel to the Lead Managers
Initial Public Issue
Counsel to the Issue
Initial public offering of ICICI Prudential Life Insurance
Company Ltd
Counsel to Prudential Corporation Holdings Limited
USD 910 million
Initial Public Issue
Counsel to Lead Managers
DRHP Filed
Initial Public Issue
Counsel to Underwriters
USD 78 million
Sheela Foam Limited
ICICI Prudential
Qualified Institutions Placement
Advised the Lead Managers in relation to QIP
INR 5000 million
Qualified Institutions Placement
Indian Legal Advisor to the Company in relation to QIP
USD 500 million
Qualified Institutions Placement
Advised the Lead Managers in relation to QIP
INR 45000 million
Rights issue
Counsel to Company
USD 36.77 million approximately
Orient Paper & Industries Limited
Legal Counsel to the Issue
Ongoing
Qualified Institutions Placement
Advised Company in relation to QIP
USD 105 million
Mahindra Lifespace Developers Limited
Sole Legal Counsel to the Issue
USD 45.76 million
Legal Counsel to the Issue
Issue Open
USD 97 million approximately
Network 18 Media & Investments Limited
Advised Company in relation to Rights Issue
USD 540 million
Tender offers to purchase part of outstanding bonds followed by a high yield bond offering of USD 1
billion
USD 989 million(2 transactions)
Adviser to Tata Communications Limited, the Guarantor as to Indian
Law
USD 150 million
Qualified Institutions Placement
Counsel to Company
USD 130 million approximately
Qualified Institutions Placement
Counsel to Company
USD 720 million
Qualified Institutions Placement
Counsel to Company
USD 80 million
QUALIFIED INSTITUTIONS PLACEMENT
RIGHTS ISSUE
INTERNATIONAL DEBT
Issue of USD denominated 7% senior notes due 2021 by HT Global IT
Solutions Holdings Limited
USD 300 million
Advised as domestic legal counsel to Arrangers for Private Placement
of NCDs
(2 Transactions)
USD 75 million
Advised Baring Private Equity Asia in relation to its acquisition of
approximately 42% stake followed by a mandatory open offer by
Baring of an additional 26% stake
Advised as domestic legal counsel to the Issue for Private Placement of
NCDs
USD 100 million
Legal Advisor to Morgan Stanley India, Manager to the open offer in relation to McGraw Hill Financial Inc for voluntary open offer to acquire
upto 22.23%
Advised as domestic legal counsel to the Issue for Private Placement
of Unsecured, Non-Convertible Debentures
USD 167 million
Legal Advisor to the Open Offer
PRIVATE PLACEMENT OF NON CONVERTIBLE DEBENTURES
TENDER OFFER
Domestic legal counsel to the Issue of NCDs
(2 Public Issues)
Sole legal counsel to the Issue of NCDs
Sole legal counsel to the Issue of NCDs
(2 Public Issues)
PUBLIC ISSUE OF NON CONVERTIBLE DEBENTURES
Private placement
Counsel to Company
USD 20 million
Advised Company in relation to the Preferential Allotment
USD 18 million
Advised Bank in relation to the Preferential Allotment
USD 112.83 million
PRIVATE PLACEMENT OF EQUITY
Edelweiss Finance Limited
Advised on the “maharaja” bond programme
USD 27 million approximately
INTERNATIONAL CAPITAL MARKET TRANSACTIONS
Advised Underwriters in relation to concurrent ADR and domestic
equity share issue
USD 1.27 billion
Advised on debut overseas issued of 9.05% INR denominated USD settled
senior secured notes
USD 75 million approximately
Legal advisors to the merchant banker
Legal advisors to delisting offer
Advised client in relation to listing of its equity shares of Crompton
Greaves Consumer Electricals Ltd on demerger
Advising Sterlite Power Transmission Limited on listing of
redeemable preference shares issued pursuant to demerger
Legal advisors to Citigroup Global Markets India Private Limited, the
merchant banker and the company
Legal advisors to Morgan Stanley India, the merchant banker in the
biggest buyback offer ever made by an Indian Company at that time
BUY BACK OF SHARES
DELISTINGS
LISTING PURSUANT TO SCHEME OF ARRANGEMENTS
Legal advisers to Coal India Limited
Legal Advisor to Morgan Stanley, Merchant Banker in relation to the
Open Offer
Advised client in relation to demerger of its insurance business
into Majesco Limited
Advised Government of India
USD 1.4 billion
Advised Government of India
USD 328.88 billion
Advised Government of India
USD 3.7 billion
Largest equity offering ever
Advised Book Running Lead Managers in relation to IPP
USD 176 million
Advised Government of India
USD 2 billion
OFFER FOR SALE
NBCC (India) Limited
Advised Brokers
USD 175 million approximately
Sterlite Technologies Limited
KolkataEmerald House 1B Old Post Office Street Kolkata 700 001, India
T: +91 33 2248 7000F: +91 33 2248 7656E: [email protected]
BengaluruSimal, 2nd Floor7/1 Ulsoor Road Bengaluru 560 042, India
T: +91 80 4339 7000F: +91 80 2559 7452E: [email protected]
MumbaiOne Indiabulls Centre13th Floor, Tower 1841 Senapati Bapat MargMumbai 400 013, India
T: +91 22 6636 5000F: +91 22 6636 5050E: [email protected]
New DelhiAshoka Estate, 12th Floor24 Barakhamba Road New Delhi 110 001, India
T: +91 11 4151 5454F: +91 11 4151 5318E: [email protected]
www.kha i t anco . com
Contents hereof are for informational purposes only and for reader’s personal non-commercial use. Nothing herein should be construed as professional advice.
FOR PRIVATE CIRCULATION ONLY
Abhimanyu BhattacharyaPartnerCapital MarketsMumbai
Aditya Cheriyan Associate PartnerCapital MarketsMumbai
Arindam GhoshPartnerSecondary, Regulatory and CorporateMumbai
Ashwin BishnoiPartnerDebt Capital MarketsNew Delhi
Gautham SrinivasPartnerCapital MarketsNew Delhi
Madhur KohliAssociate PartnerCapital MarketsMumbai
Manisha ShroffPartnerDebt Capital MarketsMumbai
Nikhilesh PanchalPartnerCapital Markets and CorporateMumbai
Moin LadhaAssociate PartnerSecondary, Regulatory and CorporateMumbai
Subhayu SenAssociate PartnerCapital Markets and CorporateMumbai
Thomas George Associate PartnerCapital MarketsBengaluru
Sharad AbhyankarPartnerCorporateMumbai
Sudhir BassiExecutive DirectorCapital MarketsMumbai