Power firm CESC Ltd. has raised Rs. 480 crore ($80 million) through the issuance of shares to qualified institutional investors..Khaitan & Co acted as legal advisor for CESC with a team led by Executive Director Sudhir Bassi and Partner Nikhilesh Panchal..Luthra & Luthra acted as Indian legal counsel for joint BRLMs – CLSA India Private Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and IDFC Securities Limited..The Luthra team was led by Mumbai Partner Manan Lahoty..Clifford Chance acted as International legal counsel with a team led by Singapore Partner Rahul Guptan. He was assisted by Hong Kong Consultant Thomas Kollar and Bangkok Senior Associate Kamil Gérard Ahmed..Rahul Guptan commented, “We were able to successfully execute this deal on an expedited basis by leveraging our US law capabilities and extensive experience in relation to Indian capital markets transactions across our Asia Pacific platform. This matter further demonstrates the robustness of international equity capital markets.”
Power firm CESC Ltd. has raised Rs. 480 crore ($80 million) through the issuance of shares to qualified institutional investors..Khaitan & Co acted as legal advisor for CESC with a team led by Executive Director Sudhir Bassi and Partner Nikhilesh Panchal..Luthra & Luthra acted as Indian legal counsel for joint BRLMs – CLSA India Private Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and IDFC Securities Limited..The Luthra team was led by Mumbai Partner Manan Lahoty..Clifford Chance acted as International legal counsel with a team led by Singapore Partner Rahul Guptan. He was assisted by Hong Kong Consultant Thomas Kollar and Bangkok Senior Associate Kamil Gérard Ahmed..Rahul Guptan commented, “We were able to successfully execute this deal on an expedited basis by leveraging our US law capabilities and extensive experience in relation to Indian capital markets transactions across our Asia Pacific platform. This matter further demonstrates the robustness of international equity capital markets.”
