The Capital Markets team at Amarchand Mangaldas is having a busy year with the revival of the markets and a string of high-profile Qualified Institutional Placements (QIPs). Latest on the list is technology services provider 3i Infotech's Rs. 318 crore ($66 million) QIP, advised by Amarchand's Bombay offices.  3i Infotech, formerly ICICI infotech, has been a loyal client to Amarchand, who also advised on the company's IPO in 2005. Parent company ICICI is one of Amarchand's prominent clients- Amarchand advised the bank on its rights offering in 2007. AZB & Partners were the domestic counsel to the global co-ordinator and book running lead manager, while Skadden Arps' Singapore offices acted as the international advisers.

Amarchand has also advised Cipla on its QIP, which opened yesterday. The company is hoping to raise about Rs. 839 crores ($175 million) through the placement. Jones Day's Singapore offices acted as the international legal advisers on the transaction.

Paginate