National Thermal Power Corporation Limited (NTPC) recently concluded its Offer for Sale of 41,22,73,220 equity shares valued at approximately Rs. 5000 crore..SBICAP Securities Limited, ICICI Securities Limited, Edelweiss Securities Limited and Deutsche Equities India Private Limited were the selling brokers in the transaction..A team from the Capital Markets practice of Shardul Amarchand Mangaldas comprising Partners Prashant Gupta and Sayantan Dutta, and Associate Shraddha Krishnan Das acted as Indian counsel for the brokers..Jones Day acted as international counsel for the brokers through Partner Manoj Bhargava, who had recently resigned from the firm to possibly join Sidley Austin, and Associate Ben Witherall..The President of India, acting through the Ministry of Power, Government of India was represented by Cyril Amarchand Mangaldas. Partners Gokul Ranjan and Aarti Joshi, along with Associate Arijeet Mukherjee worked on the transaction..Dorsey & Whitney acted as international counsel for the government..According to ET, the Indian government is set to miss out on this year’s disinvestment target of Rs. 69,000 crore, despite this transaction.
National Thermal Power Corporation Limited (NTPC) recently concluded its Offer for Sale of 41,22,73,220 equity shares valued at approximately Rs. 5000 crore..SBICAP Securities Limited, ICICI Securities Limited, Edelweiss Securities Limited and Deutsche Equities India Private Limited were the selling brokers in the transaction..A team from the Capital Markets practice of Shardul Amarchand Mangaldas comprising Partners Prashant Gupta and Sayantan Dutta, and Associate Shraddha Krishnan Das acted as Indian counsel for the brokers..Jones Day acted as international counsel for the brokers through Partner Manoj Bhargava, who had recently resigned from the firm to possibly join Sidley Austin, and Associate Ben Witherall..The President of India, acting through the Ministry of Power, Government of India was represented by Cyril Amarchand Mangaldas. Partners Gokul Ranjan and Aarti Joshi, along with Associate Arijeet Mukherjee worked on the transaction..Dorsey & Whitney acted as international counsel for the government..According to ET, the Indian government is set to miss out on this year’s disinvestment target of Rs. 69,000 crore, despite this transaction.
