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.
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.
Continue reading “Duane Morris & Selvam Advises on ESAF Small Finance Bank’s INR 4.63 Billion IPO”
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).
SINGAPORE, 25 April 2023 ― The 10th annual bankers vs. lawyers charity cricket match was held in Mumbai last month, with the lawyers winning by 22 runs. The lawyers scored 160 runs all out in their 20 overs and the bankers scored 133-8 off their 20 overs.
Continue reading “Lawyers Beat the Bankers in the 10th Annual Charity Cricket Match in Mumbai”
Our capital markets practice in Singapore has had another good year in the year ended March 31, 2023. Thanks to our clients for their trust in us. Our deal highlights and awards and recognitions for the year ended March 31, 2023 are below.
Continue reading “Overview of our Capital Markets Practice for the Year ended March 31, 2023”
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.
SINGAPORE, 25 March 2023―Duane Morris & Selvam LLP advised on two of the India Business Law Journal’s Deals of the Year 2022: Life Insurance Corporation of India’s (LIC) initial public offering, which is the largest IPO ever in India, and DreamFolks Limited’s IPO. Continue reading “Duane Morris & Selvam Advises on Two of the India Business Law Journal’s Deals of the Year 2022”
