SAM, Latham, CAM act on LG Electronics $1.3 billion IPO

LG Electronics India has made an initial public offering of equity shares aggregating to $1.3 billion.

Shardul Amarchand Mangaldas & Co advised LG on this IPO.

The transaction team was led by Prashant Gupta (Partner) along with Sayantan Dutta (Partner) and Devi Prasad Patel (Partner), with support from Romit Raja Srivastava (Principal Associate), Associates Divya Dhawan and Aryan Singh.

Latham & Watkins served as the international legal counsel to LG on this IPO

Cyril Amarchand Mangaldas advised the book running lead managers, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Axis Capital Limited, BofA Securities India Limited and Citigroup Global Markets India Private Limited, on undertaking due diligence and advised on regulatory matters including in connection with the relationship of the issuer with its South Korean corporate promoter.

The transaction team was led by Gokul Rajan (Partner (Regional Co-Head - Capital Markets - North) and Puneet Passi (Partner) along with Aniran Ghoshal (Principal Associate), Priyanka Khetwal (Senior Associate), Ayushi Tiwari (Senior Associate), Abishek Sankar (Associate), Arnab Roy (Associate), Shvabh Chakarwarti (Associate) and Avni Srivastava (Associate).

LG Electronics India, established in 1997, is a subsidiary of South Korea's LG Electronics and a major player in India's consumer electronics and home appliance markets. The company is known for its innovative products, including televisions, refrigerators, washing machines, and air conditioners, catering to the diverse needs of Indian consumers.

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