Law firm Khaitan, SAM, and CMS INDUSLAW engage in legal action concerning NSDL's ₹4,011 crore IPO
Shardul Amarchand Mangaldas & Co and Khaitan & Co Advise on NSDL's Successful IPO
The National Securities Depository Limited (NSDL) has made a successful initial public offering (IPO), marking a significant milestone in the Indian financial market. The legal advisors for the IPO and the associated financial institutions, including ICICI Securities Limited, Axis Capital Limited, HSBC Securities, IDBI Capital Markets, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, and HDFC Bank Limited, were Shardul Amarchand Mangaldas & Co. They acted as the Indian legal counsel to the Book Running Lead Managers (BRLMs), which comprised all these institutions collectively on the IPO of National Securities Depository Limited (NSDL).
In addition, Khaitan & Co also played a role as legal advisors in this transaction, advising NSDL itself and working alongside Shardul Amarchand Mangaldas. The offer for sale of equity shares by IDBI Bank Limited, National Stock Exchange of India Limited, Union Bank of India, State Bank of India, HDFC Bank Limited, and Administrator of the Specified Undertaking of the Unit Trust of India aggregates to ₹4,011 crore.
The IPO was subscribed 41.01 times, indicating strong investor interest in NSDL. The book running lead managers for this IPO include ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, and HDFC Bank Limited.
CMS IndusLaw also advised in the transaction, representing the selling shareholders National Stock Exchange, IDBI Bank, State Bank of India, HDFC Bank, Union Bank of India, and Administrator of the Specified Undertaking of the Unit Trust of India. The transaction teams from Shardul Amarchand Mangaldas, Khaitan & Co, and CMS IndusLaw worked diligently to ensure a smooth and successful IPO process.
NSDL, as a central securities depository, plays a crucial role in the Indian financial system, facilitating the smooth functioning of the securities market and ensuring the safety and integrity of transactions. With the successful IPO, NSDL is poised to continue its important role in the Indian financial sector.
| Entity | Legal Advisor(s) | |-------------------------------------------------|------------------------------------| | National Securities Depository Limited (NSDL) | Khaitan & Co | | Book Running Lead Managers (including the below) | Shardul Amarchand Mangaldas & Co | | – ICICI Securities Limited | Shardul Amarchand Mangaldas & Co | | – Axis Capital Limited | Shardul Amarchand Mangaldas & Co | | – HSBC Securities and Capital Markets (India) Pvt Ltd | Shardul Amarchand Mangaldas & Co | | – IDBI Capital Markets & Securities Limited | Shardul Amarchand Mangaldas & Co | | – Motilal Oswal Investment Advisors Limited | Shardul Amarchand Mangaldas & Co | | – SBI Capital Markets Limited | Shardul Amarchand Mangaldas & Co | | – HDFC Bank Limited | Shardul Amarchand Mangaldas & Co | | Selling Shareholders | CMS IndusLaw | | – National Stock Exchange | CMS IndusLaw | | – IDBI Bank | CMS IndusLaw | | – State Bank of India | CMS IndusLaw | | – HDFC Bank | CMS IndusLaw | | – Union Bank of India | CMS IndusLaw | | – Administrator of the Specified Undertaking of the Unit Trust of India | CMS IndusLaw |
Read also:
- Delivery costs in St. Petersburg are forecasted to surge following Beglov's decision
- Real estate venture in Hawaii allegedly undermined by Shohei Ohtani and his agent, involving a whopping $240 million investment.
- Struggling Europe Offers Guidance to Trump Prior to Alaska Encounter: Western Predicament Precedes Trump-Alaska Summit
- PTT Group partnership forms to investigate low-emission ammonia energy for power facilities, endorsing Net Zero ambitions
