Capital Markets
Asia-Pacific Guide 2025 : India
Band 4
Contact number
+91 (22) 4405 0600About
Provided by Saraf and Partners
Introduction
Saraf and Partners' Capital Markets practice covers the full spectrum of domestic and cross-border securities markets products, specializing in wide range of securities offerings, including IPOs, FPOs, rights issues, QIPs, ADR and GDR offerings, IPPs, bulk and block deals, offers for sale through stock exchanges, international listing of Indian businesses and debt offerings.
The team has been involved in many 'one of its kind' transactions including, ADR offering by Sterlite Industries, the first listing of an Indian REIT on the Singapore Stock-Exchange, GoI Exchange Trade Fund, the first product of its kind, Sale by Daiichi of its stake in Sun Pharmaceuticals through the ‘screen based’ trading platform of the stock exchanges, the largest transaction of its kind in India and the sale by the GoI of its stake in ONGC through the stock exchange mechanism, the first of its kind.
Recent Work
- Acted as Indian legal counsel to Info Edge (India) Limited in its QIP of its equity shares valued at Rs. 1875 Crores.
- Acted and advised as Indian legal counsel offer for sale of equity shares of Bharat Dynamics Limited by the Government of India.
- Acted as the Indian legal counsel to the Power Distribution Services Limited in connection with the issuance of US dollar denominated investment grade senior secured notes due 2030 by Adani Electricity Mumbai Limited.
- Advised JSW Infrastructure Limited with its issuance of US$ 400 million 4.95% Senior Secured Sustainability-Linked Notes.
Chambers Review
Saraf and Partners' team of lawyers is well placed to advise on capital markets legal matters in India. The team is well-versed in handling IPOs and QIPs, and regularly acts as counsel to issuers and financial institutions. The firm is also experienced in relation to debt transactions, including notes issuance. The department's expertise is spread across several sectors, including finance, healthcare, transportation and technology.
Work Highlights
- Saraf and Partners advised the Indian Renewable Energy Development Agency on its IPO, comprising a fresh issue of equity shares and an offer for sale by its promoter, the President of India, acting through the Ministry of New and Renewable Energy.
Strengths
Provided by Chambers
"I value Saraf and Partners' excellent work product, solution-oriented approach and commitment to timelines."
"The team has immense knowledge about the subject and is always available on call."
"I value Saraf and Partners' excellent work product, solution-oriented approach and commitment to timelines."
"The team has immense knowledge about the subject and is always available on call."
Members
Provided by Saraf and Partners
