{"id":487,"date":"2023-03-25T00:13:21","date_gmt":"2023-03-25T04:13:21","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/?p=487"},"modified":"2023-03-25T00:41:27","modified_gmt":"2023-03-25T04:41:27","slug":"duane-morris-selvam-advises-on-two-of-the-india-business-law-journals-deals-of-the-year-2022","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/2023\/03\/25\/duane-morris-selvam-advises-on-two-of-the-india-business-law-journals-deals-of-the-year-2022\/","title":{"rendered":"Duane Morris & Selvam Advises on Two of the India Business Law Journal\u2019s Deals of the Year 2022"},"content":{"rendered":"

SINGAPORE, 25 March 2023<\/strong>\u2015Duane Morris & Selvam LLP advised on two of the India Business Law Journal<\/em>\u2019s Deals of the Year 2022<\/a>: Life Insurance Corporation of India\u2019s (LIC) initial public offering, which is the largest IPO ever in India, and DreamFolks Limited\u2019s IPO.<\/p>\n

Duane Morris & Selvam acted as international legal counsel to the president of India and LIC on LIC\u2019s IPO, with the president of India raising INR210 billion (USD2.7 billion) by selling a 3.5% stake of the outstanding shares in the IPO. Duane Morris & Selvam\u2019s team was led by Jamie Benson<\/a>, a director in the Singapore office and head of the U.S. capital markets, U.S. venture capital and India practices, and included Hope Krebs<\/a>, a partner in Duane Morris\u2019 Philadelphia office; Lucia Orozco<\/a>, a senior associate in the Singapore office; and Yeo Ming Ze<\/a>, an associate in the Singapore office.<\/p>\n

Duane Morris & Selvam acted as the special international legal counsel to the book running lead managers, Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited, on DreamFolks Limited\u2019s IPO. DreamFolks, India\u2019s largest airport service aggregator platform, raised INR5.6 billion (USD70 million) in its IPO. Duane Morris & Selvam\u2019s 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.<\/p>\n

About Duane Morris & Selvam LLP<\/strong><\/em><\/p>\n

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\u2019s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.<\/em><\/p>\n

Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm\u2019s\u00a0full disclaimer<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE, 25 March 2023\u2015Duane Morris & Selvam LLP advised on two of the India Business Law Journal\u2019s Deals of the Year 2022: Life Insurance Corporation of India\u2019s (LIC) initial public offering, which is the largest IPO ever in India, and DreamFolks Limited\u2019s IPO.<\/p>\n","protected":false},"author":435,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2,296,26],"tags":[129,197,20,298,210,143,297,126,50,158,12,211],"ppma_author":[79],"class_list":["post-487","post","type-post","status-publish","format-standard","hentry","category-capital-markets","category-general","category-india","category-singapore","tag-awards-and-accolades","tag-biggest-ipo","tag-capital-markets","tag-deals-of-the-year-2022","tag-hope-krebs","tag-india","tag-india-business-law-journal","tag-ipo","tag-jamie-benson","tag-lucia-orozco","tag-singapore","tag-yeo-ming-ze"],"authors":[{"term_id":79,"user_id":435,"is_guest":0,"slug":"duanemorrisselvam","display_name":"Duane Morris and Selvam","avatar_url":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-content\/uploads\/sites\/51\/2020\/10\/dmlogo.jpg","author_category":"","last_name":"Selvam","first_name":"Duane Morris and","job_title":"","user_url":"","description":"Visit the Duane Morris and Selvam website.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/posts\/487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/users\/435"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/comments?post=487"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/posts\/487\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/media?parent=487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/categories?post=487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/tags?post=487"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/duanemorrisandselvam\/wp-json\/wp\/v2\/ppma_author?post=487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}