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

Shardul Amarchand Mangaldas Advises on the Rs. 5000 Cr. NTPC OFS

Mar 01, 2016   15:15 IST 
New Delhi, Mumbai, Delhi, India

Shardul Amarchand Mangaldas & Co (SAM & Co) advised the selling brokers on the recently concluded NTPC Offer for Sale (OFS). As a part of the transaction, SAM & Co advised SBICAP Securities Limited, ICICI Securities Limited, Edelweiss Securities Limited and Deutsche Equities India Private Limited (collectively, the “Selling Brokers”). The OFS was carried out on February 23 and 24, 2016,and involved the sale of 41,22,73,220 equity shares, constituting 5% of the equity shares of NTPC Limited.

 

The Capital Markets team of Shardul Amarchand Mangaldas Team was led by Mr. Prashant Gupta, Partner and involvedMr. Sayantan Dutta, Partner, Ms. Shraddha Krishnan Dash, Associate.

 

This was one of the first OFS transactions completed after the amendment dated February 15, 2016, notified by the Securities and Exchange Board of India, pursuant to which, the OFS trade is now undertaken over a period of two trading days, wherein non-retail investors are permitted to bid on the first day (“T” day) and retail investors and non-retail investors, who did not receive allocation on the first day, are permitted to bid on the second day (“T+1” day) of the OFS.

 

The parties involved in the transaction were President of India, acting through the Ministry of Power, Government of India (the “Seller”) and SBICAP Securities Limited, ICICI Securities Limited, Edelweiss Securities Limited and Deutsche Equities India Private Limited (collectively, the “Selling Brokers”)

 

Otheradvisors to the transaction were Cyril Amarchand Mangaldas and Dorsey & Whitney, who acted as the Indian and international legal counsels to the Seller, respectively. Jones Day acted as the international legal counsel to the brokers.

 

Deal Value: The deal was valued at approximately INR 5,014.55 crore

 

Date: The offer for sale was carried out on February 23, 2016 (“T” day) and February 24, 2016 (“T+1” day)

 

About Shardul Amarchand Mangaldas & Co (SAM & Co)

Shardul Amarchand Mangaldas & Co (SAM & Co) is one of India’s leading full service law firms. Founded on almost a century of legal achievement, SAM & Co. reconstituted in May 2015 and has started anew. The Firm is known for its exceptional Mergers & Acquisition, Competition Law, Dispute Resolution & Arbitration, Regulatory Litigation, Capital Markets and Private Equity practices globally.

 

Its mission is “enabling business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration”. The Firm has been at the helm of major headline transactions and litigations in all segments of industry and business besides representing major trans-national corporates on their India entry and business strategy.

 

Headed by eminent practitioners Shardul Shroff and Pallavi Shroff, the Firm has more than 370 lawyers, including 70 partners across its six offices in India, which include – New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.

 


Media Contact Details
Rahul Gossain
Senior Manager – Client & Market Development
Shardul Amarchand Mangaldas & Co
+91 9873154228 | 011 41590700, Extn- 4543
 
 
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