Shardul Amarchand Mangaldas guides Kotak Mahindra and HSBC
It was in connection with the rights issue of equity shares
India's century-old law firm Shardul Amarchand Mangaldas & Co has advised Kotak Mahindra Capital Company and HSBC Securities and Capital Markets (India) in connection with the rights issue of equity shares by The Indian Hotels Company.
The deal was valued at USD 260.58 million. The date of closing was 15 December 2021.
It was the largest rights issue transaction by a listed hospitality company in 2021 and the third-largest by a listed entity in the country.
The capital market team was led by Nikhil Naredi (partner); Sayantan Dutta (partner); Aditya Iyer (senior associate); Oindree Bandyopadhyay (associate); Tanvi Prabhu (associate); and Shweta Singh (associate).
Cyril Amarchand Mangadas advised The Indian Hotels Company.
About Shardul Amarchand Mangaldas & Co
One of India's leading full-service law firms, it has over a century of legal achievements. The firm's mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. It is known globally for its exceptional practices in mergers and acquisitions, private equity, competition law, insolvency and bankruptcy, dispute resolution, capital markets, banking and finance and projects and infrastructure.
With a pan-India presence, the firm has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporations on their entry into the Indian market and their business strategy.
Currently, it has over 700 lawyers including 144 partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.