SINGAPORE, 1 October 2024 – Duane Morris & Selvam LLP recently acted as US counsel to Nuvama Wealth Management and Emkay Global Financial Services in their role as brokers to Proximus Opal on its divestment of a 6.03% stake in Route Mobile for approximately Rs, 6,213 million (US$74 million) through an Offer for Sale (OFS).
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SINGAPORE, 10 September 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Equirus Capital Private Limited and IIFL Securities Limited in their role as the book running lead managers on the recent initial public offering of ₹6,012.00 million (USD 71.60 million) of equity shares of Ecos (India) Mobility & Hospitality Limited. Ecos is India’s largest and most profitable chauffeur driven mobility provider to corporates.
SINGAPORE, 20 June 2024 — Duane Morris & Selvam LLP acted as the U.S. counsel to Nomura Financial Advisory and Securities (India) Private Limited in its role as the broker on the recent sale of approximately INR 7,500 million (US$90 million) of equity shares in Sansera Engineering Limited by Client Ebene Limited and CVCIGP II Employee Ebene Limited in block trades. Sansera Engineering Limited’s equity shares are listed on BSE and NSE. Continue reading “Duane Morris & Selvam Advises on the Sale of INR 7,500 million (US$90 million) of Equity Shares in Sansera Engineering Limited in Block Trades”
SINGAPORE, 30 April 2024 — Duane Morris & Selvam LLP acted as the special international counsel to IIFL Securities Limited in its role as the book running lead manager on the recent sale of INR 6,000 million (US$72 million) of equity shares in Gokaldas Exports Limited in a qualified institutions placement. Continue reading “Duane Morris & Selvam Advises on the Sale of INR 6,000 million (US$72 million) of Equity Shares in Gokaldas Exports Limited in a Qualified Institutions Placement”
SINGAPORE, 15 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and ICICI Securites Limited in their role as the book running lead managers on the recent qualified institutions placement of ₹2,500 million (USD 30 million) of equity shares of Texmaco Rail & Engineering Limited. Continue reading “Duane Morris & Selvam Advises on the QIP of Texmaco Rail & Engineering Limited”
SINGAPORE, 10 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Ambit Private Limited and Avendus Capital Private Limited in their role as the book running lead managers on the recent qualified institutions placement of ₹6,000 million (USD 72 million) of equity shares of The Karnataka Bank Limited.
The Karnataka Bank Limited, with over 100 years of existence, is one of the well-established private sector banks in India, offering wide range of banking products and services to approximately 12.93 million customers as of December 31, 2023, including corporate, retail, agriculture and MSME customers.
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SINGAPORE, 8 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to DAM Capital Advisors Limited in its role as the book running lead manager on the recent qualified institutions placement of ₹4,800.40 million (USD 58 million) of equity shares of Wockhardt Limited.
Wockhardt Limited is engaged in the research and development, manufacture and distribution of pure and branded generics, vaccines, biosimilars, active pharmaceutical ingredients as well as new chemical entity antibiotics targeting antimicrobial resistance.
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SINGAPORE, 3 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to ICICI Securities Limited, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Centrum Capital Limited in their role as the book running lead managers on the recent initial public offering of ₹6,015.54 million (USD 72 million) of equity shares of Popular Vehicles and Services Limited, a diversified automobile dealership in India.
Continue reading “Duane Morris & Selvam Advises on the IPO of Popular Vehicles and Services Limited”
SINGAPORE, 21 March 2024 — Duane Morris & Selvam LLP acted as the international counsel to Union Bank of India (the “Union Bank’) on its recent sale of INR 30,000 million (US$360 million) of its equity shares in a qualified institutions placement, including a private placement in the United States
Union Bank is a public sector bank. As at December 31, 2023, Union Bank of India had total advances of INR 8,959,740.80 million, a network of 8,479 branches, 9,889 ATMs, 18,987 business correspondents, an employee base of 76,372 and a customer base of over 152.40 million.
SINGAPORE, 27 February 2024 — Duane Morris & Selvam LLP acted as international legal counsel to Axis Capital Ltd., ICICI Securities Limited, and SBI Capital Markets, the book running lead managers, on the offer and sale of approximately INR 5,700 million (US$ 69 million) of equity shares in Jana Small Finance Bank Limited in an initial public offering in India and concurrent private placements outside India.
