Deal Street

February 26, 2018

Latham & Watkins acts for Aster DM Healthcare Limited on US $153mn IPO of Shares


ipo

On February 26, market debutant Aster DM Healthcare was listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The healthcare services provider’s issue was oversubscribed 1.3 times on February 25, as per data available on the NSE website.

Latham & Watkins acted for the underwriters in the US $153million Initial Public Offering of shares of Aster DM Healthcare Limited.

With the Initial Public Offering of Aster DM Healthcare Limited marks another outstanding year for Latham’s India Practice, following on from a successful 2017 where the team acted on transactions with an aggregate value of over US $12billion.

Latham, with a team led by Singapore Partner and India Practice Head Rajiv Gupta along with Singapore Associates Scott Calver, David Lee and Su Yuen Yang advised the Global Co-ordinators and Book Running Lead Managers Kotak Mahindra Capital Company Limited, Axis Capital Limited and Goldman Sachs (India) Securities Private Limited, and Book Running Lead Managers ICICI Securities Limited, JM Financing Limited and YES Securities (India) Limited as international legal counsel.

Advice was also provided on US tax matters by Latham’s New York Partners Jiyeon Lee-Lim and Gregory Hannibal with Associates Lauren Bewley and Amy Robertson.

Aster DM Healthcare Ltd is a private healthcare service provider, which operates in GCC (Cooperation Council for the Arab States of the Gulf) states comprising United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, Jordan (which classifies as a GCC state as part of its GCC operations), India and the Philippines. It provides healthcare services to patients across economic segments through brands ‘Aster’, ‘Medcare’ and ‘Access’.

Related Post

latest News

  • SC to hear Priya Prakash Varrier's plea over 'Oru Adaar Love' song controversy

    The Director of the viral Malayalam song 'Manikya Malaraya Poovi', which features in movie ‘Oru Adaar Love’, is headed for a legal battle. 18-year...

    Read More
  • Has justice been sent on vanaprastha?: Supreme Court

    A shocked Supreme Court asked whether justice has been sent on ‘vanaprastha’ (retired to the forest) when it found that an acid attacker spent bar...

    Read More
  • Cabinet clears ordinance to amend Banking Regulation Act, empowering RBI to effectively deal with NPAs

    On May 3, the Union Cabinet approved the promulgation of an ordinance to amend the Banking Regulation Act to empower the Reserve Bank of India (RBI) t...

    Read More