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Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas Advises on Establishment of USD 1.5 Billion Secured Euro Medium Term Note Programme of Indiabulls Housing Finance

Jan 16, 2018   18:00 IST 
New Delhi | Mumbai, Maharashtra, India

Shardul Amarchand Mangaldas advised MUFG Securities (Asia) Singapore Limited in relation establishment of Indiabulls Housing Finance Limited’s U.S.$ 1.5 billion Secured Euro Medium Term Note Programme. This is one of the first secured Euro Medium Term Note Programmes to be established in India.


The Capital Markets and Tax Practice of Shardul Amarchand Mangaldas acted as legal advisers to the Arranger, MUFG Securities (Asia) Singapore Limited, as to Indian law. 


The Capital Markets Team was led by Mr. Kaushik Mukherjee, Partner;  and included Mr. Narayan Kedia, Principal Associate; Mr. Murtaza Zoomkawala, Senior Associate; Mr. Saswat Mohanty, Associate; and Ms. Nirali Trivedi, Associate.


The Tax Team was led by Mr. Abhay Sharma, Partner; and included Mr. Oscar D’sa, Principal Associate.


Other advisors to the transaction included Clifford Chance (acted as legal advisers to MUFG Securities (Asia) Singapore Limited as to English law and legal advisers to Citicorp International Limited (Trustee) as to English law). The dealers appointed under the Programme are Barclays, Citi, Credit Suisse, HSBC, MUFG and Yes Bank.


The value of the deal is USD 1.5 Billion.


The Offering Circular establishing the programme is dated January 8, 2018.


About Shardul Amarchand Mangaldas & Co.

Shardul Amarchand Mangaldas & Co. (SAM & Co.), founded on almost a century of legal achievement, is one of India’s leading full-service law firms. The firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.


The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 520 lawyers, including 102 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.

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