India – Duane Morris and Selvam

November 5, 2024November 27, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the Sale of Rs. 12,000 million (US$143 million) Equity Shares in Sansera Engineering Limited in a QIP

SINGAPORE, 5 November 2024 — Duane Morris & Selvam LLP acted as the U.S. counsel to ICICI Securities and Nomura Financial Advisory & Securities (India) in their role as the book running lead managers on the recent sale of approximately Rs. 12,000 million (US$143 million) of shares in Sansera Engineering Limited in a qualified institutions placement (QIP), including concurrent private placements outside India.

October 2, 2024November 27, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the OFS of Shares in Route Mobile

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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).

September 9, 2024November 27, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the IPO of Ecos (India) Mobility & Hospitality Limited

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.

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June 19, 2024June 19, 2024 by Duane Morris & Selvam

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, 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”

April 15, 2024April 3, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the QIP of Texmaco Rail & Engineering Limited

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”

April 10, 2024April 10, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the QIP of The Karnataka Bank 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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April 8, 2024April 7, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the QIP of Wockhardt Limited

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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April 3, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on the IPO of Popular Vehicles and Services Limited

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.

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March 20, 2024November 12, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises Union Bank of India on the sale of INR 30,000 million (US$360 million) of its Equity Shares in a Qualified Institutions Placement

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.

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February 26, 2024March 4, 2024 by Duane Morris & Selvam

Duane Morris & Selvam Advises on Offer and Sale of approximately INR 5,700 million (US$69 million) of Equity Shares in Jana Small Finance Bank Limited

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.

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