Duane Morris & Selvam Advises on Capri Global Capital Limited’s Sale of US$180 Million of Equity Shares in a Rights Issue

SINGAPORE, 11 April 2023 — Duane Morris & Selvam LLP acted as the international counsel to ICICI Securities Limited in its capacity as the lead manager on Capri Global Capital Limited’s recent sale of Rs. 14,400 million (US$180 million) of equity shares in a rights issue, including an offer to qualified institutional buyers in the United States. Capri Global Capital Limited is a nonbanking financial company (NBFC) in India that primarily caters to MSMEs, self-employed nonprofessionals and first-time borrowers that lack access to formal credit channels.

Duane Morris & Selvam’s team was led by Jamie Benson, a director in the Singapore office and head of the U.S. capital markets, U.S. venture capital and India practices. The team also included Hope Krebs, an international tax partner in Duane Morris’ Philadelphia office; Stephen DiBonaventura, chair of Duane Morris’ Tax Group; Bei Wang, a senior associate in the Singapore office; and Ming Ze Yeo, an associate in the Singapore office.

“We are proud to have advised ICICI Securities Limited on this significant transaction,” said Benson, “The deal highlights our firm’s extensive experience in advising clients on complex cross-border transactions, and we look forward to continuing to provide exceptional legal counsel to our clients in India and across the globe.”

About Duane Morris & Selvam LLP

Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City, as well as offices in Shanghai and Yangon. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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