AMSS replace Luthra on ING Vysya QIP

Bar&Bench News Network

Sep 08, 2009

ING Vysya's qualified institutional placement  (QIP) issue opened today with an issue price of Rs 248 per share. On September 4, the shareholders approved the issue of 13.3 million shares to the qualified institutional buyers.

Amarchand Mangaldas' Bangalore office has advised the QIP. Dorsey & Whitney, London, advised the issue in respect of selling restrictions.

Luthra  previously acted as advisors to ING's QIP in 2007. Luthra confirmed that they had decided not to take up the mandate for this round of QIP, but refused to disclose reasons.

 

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Comments(2)
  • 1. "I am not surprised Luthra did not disclose the reason. Must have lost the client to AMSS.". Roshan, Mumbai
  • 2. "Good reporting. The reasons can be many, maybe a tame one such as bandwidth or a delayed discovery of conflict. ". Prakash, Mumbai
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