General – Page 4 – Duane Morris and Selvam

December 15, 2023December 18, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises on the Sale of INR 27 Billion (US$ 325 Million) of Equity Shares in Computer Age Management Services Limited

SINGAPORE, 18 December 2023 — Duane Morris & Selvam LLP acted as international legal counsel to Avendus Capital in its role as the sole advisor and Spark Institutional Equities in its role as the sole broker on the recently concluded stake sale of approximately INR 27 billion (USD 325 million) of equity shares in Computer Age Management Services Limited by Great Terrain Investment Ltd (an affiliate of Warburg Pincus LLC). Computer Age Management Services Limited is an India-based technology company focused on the capital markets, and banking, financial services and insurance (BFSI).

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December 14, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises the Book Running Lead Managers on Jupiter Wagons Limited’s INR 4,034 Million Qualified Institutions Placement of its Equity Shares

SINGAPORE, 14 December 2023 — Duane Morris & Selvam LLP acted as the special international counsel to Systematix Corporate Services Limited, Axis Capital Limited and ICICI Securities Limited in their capacity as the book running lead managers on Jupiter Wagon’s Limited’s recent INR 4,034 million (US$48.6 million) qualified institutions placement of its equity shares.

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December 13, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises on Gandhar Oil Refinery’s INR 5.01 Billion IPO

SINGAPORE, 13 December 2023 — Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and ICICI Securities Limited in their role as the book running lead managers for the recent INR 5.01 billion (US$60 million) initial public offering of equity shares in Gandhar Oil Refinery (India) Limited, an Indian company that is a leading manufacturer of white oils. The equity shares were listed on the BSE and the NSE.

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December 10, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises on Flair Writing Limited’s INR 5.93 Billion IPO

SINGAPORE, 11 December 2023 — Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Axis Capital Limited in their role as the book running lead managers for the recent INR 5.93 billion (US$71 million) initial public offering of equity shares in Flair Writing Limited, an Indian company that designs and manufactures writing instruments. The equity shares were listed on the BSE and the NSE. Continue reading “Duane Morris & Selvam Advises on Flair Writing Limited’s INR 5.93 Billion IPO”

December 6, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises on Tata Technologies Limited’s INR 30.43 Billion IPO

SINGAPORE, 7 December 2023 — Duane Morris & Selvam LLP acted as the Singapore legal counsel to Tata Technologies Limited, which provides engineering and technology services to auto, aero and heavy machinery makers, on the INR 30.43 billion (US$366 million) initial public offering of equity shares in Tata Technologies Limited. The shares were listed on the BSE and the NSE.

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December 4, 2023December 4, 2023 by Duane Morris and Selvam

MAS’ Response to Public Consultation on Proposed Regulatory Measures for DPT Services Part 2

By Leon Yee, Yeo Ming Ze and Brian Yang

MAS issued a consultation paper on proposed regulatory measures for licensed and exempt digital payment token service providers (“DPTSPs”) on 26 October 2022. After taking into account public feedback, MAS’ final regulatory approach to DPTSPs was published on 23 November 2023. MAS will publish guidelines in mid-2024 to set out its expectations for DPTSPs as a first step to implementing the regulatory measures (“Guidelines”). DPTSPs will be given a 9-month transition period to meet the Guidelines.

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December 3, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises the Book Running Lead Managers on Texmaco Rail and Engineering Limited’s INR 7,500 Million Qualified Institutions Placement of Equity Shares

SINGAPORE, 4 December 2023 — Duane Morris & Selvam LLP acted as the special international counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), ICICI Securities Limited and Motilal Oswal Investment Advisors Limited in their capacity as the book running lead managers on Texmaco Rail and Engineering Limited’s INR 7,500 million (US$ 89.9 million) qualified institutions placement of equity shares.

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November 28, 2023November 28, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises on ESAF Small Finance Bank’s INR 4.63 Billion IPO

SINGAPORE, 28 November 2023 — Duane Morris & Selvam LLP acted as the international legal counsel to ICICI Securities Limited, DAM Capital Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) in their capacity as the book-running lead managers on ESAF Small Finance Bank Limited’s recent INR 4.63 billion (US$56 million) IPO, which also included concurrent private placements outside India, including in the United States. The bank’s equity shares were listed on the BSE and NSE.

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October 22, 2023December 3, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises Book Running Lead Managers in IDFC FIRST Bank’s INR 30 Billion (US$361 Million) Qualified Institutions Placement of Equity Shares

SINGAPORE, 23 October 2023 — Duane Morris & Selvam LLP acted as the international legal counsel to ICICI Securities Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) in their role as the book running lead managers for the qualified institutions placement of equity shares by IDFC FIRST Bank Limited, for an aggregate amount of INR 30 billion (US$361 million).

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September 19, 2023September 19, 2023 by Duane Morris and Selvam

Duane Morris & Selvam LLP Promotes Wang Bei to Special Counsel

SINGAPORE, September 20, 2023 – Duane Morris & Selvam LLP is pleased to announce the promotion of Wang Bei to special counsel. With her unique qualifications and experience, Wang Bei will continue to play a pivotal role in the firm’s efforts in the Asia-Pacific region, particularly in Myanmar, China and Singapore.

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