In a refreshing change of venue from Mumbai-based capital market transactions, the Bangalore and Hyderabad offices of Amarchand Mangaldas advised the Nagarjuna Construction Company (NCC) on its Rs. 367.35 crore ($75 million) Qualified Institutional Placements (QIP). AZB & Partners acted as the domestic legal advisors to the issue.
The Hong Kong office of Jones Day acted as the international legal advisors for the Global Lead Managers. Partner David Neuville [pictured], told Bar & Bench, “Jones Day has been very aggressive on the India practice front. We are amongst the four most active international law firms in the Indian market.”
In a refreshing change of venue from Mumbai-based capital market transactions, the Bangalore and Hyderabad offices of Amarchand Mangaldas advised the Nagarjuna Construction Company (NCC) on its Rs. 367.35 crore ($75 million) Qualified Institutional Placements (QIP). NCC joins the ranks of infrastructure companies raising funds via QIPs to service their debt burdens. M.V. Srinivasa Murthy, Vice President (Legal) and Company Secretary of the Company oversaw the issue for NCC.
IDFC-SSKI, Kotak Mahindra Bank and RBS were the global lead managers for the issue. AZB & Partners acted as the domestic legal advisors to the issue. The AZB team was led by Partner Srinath Dasari and Nisha Menon, working out of the Bangalore office.
The Hong Kong office of Jones Day acted as the international legal advisors for the Global Lead Managers. The Jones Day team was led by Partner David Neuville [pictured], assisted by Associates Karun Cariappa and Karen Phang. Mr. Neuville, whose area of expertise is offerings of equity and debt securities for companies throughout North and Southeast Asia, with particular emphasis on India and China, told Bar & Bench, “Jones Day has been very aggressive on the India practice front. We are amongst the four most active international law firms in the Indian market.” This claim is further substantiated by the fact in 2009 alone, Jones Day has acted for Tech Mahindra in the Satyam acquisition, Kotak Mahindra in its QIP and the Mahindra Holidays IPO and Nokia in its outsourcing agreement with HCL Technologies.