Capital Markets

Practice Areas

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The Practice

We have a leading capital markets practice with specialists in both Indian equity and debt capital markets. Our clientele comprises issuing corporates, banks, private equity funds, investment banks and underwriters.

Execution

Our lawyers excel at understanding domestic and cross-border financing laws and regulation. They closely engage with clients on compliance, approvals, contracts and documentation on fund raising through IPOs, rights issues, offers for sale, private placements, QIB placements, FCCBs, Masala Bonds, REITs, INVITs, etc. We also advise clients on securities laws and regulations instituted by SEBI, RBI, stock exchanges, government ministries specifically on takeovers, buy-backs, delisting, block/bulk trades, secondary share sale or purchase through public markets, securities litigation etc.

The Khaitan Advantage

Our experienced team has been at the forefront in tracking and influencing the evolution of the capital markets practice in India. The team is well-regarded by the regulators and has been called upon by them to seek inputs on various regulations and legal issues from time to time.

“The advice received from Khaitan is precise, practical and technically sound.”

India Business Law Journal, Indian Law Firm Awards 2018

Key Contacts

Sudhir Bassi

Executive Director

Capital Markets, Debt Capital Markets
Abhimanyu Bhattacharya

Partner

Capital Markets
Gautham Srinivas

Partner

Capital Markets
Madhur Kohli

Partner

Capital Markets

Find out how our experts can help solve the challenges you face in your industry.

Key Deals

Bandhan Bank Limited

Acted as the Indian legal counsel to the Book Running Lead Managers (BRLMs) in relation to Bandhan Bank Limited’s proposed Initial public offering.

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Hindustan Aeronautics Limited

Acted as the Indian Legal Counsel to the President of India, acting through Department of Defence Production, Ministry of Defence, Government of India and Hindustan Aeronautics Limited (the Company) in relation to the initial public offering of the Company of 34,107,525 equity shares through an offer for sale by the President of India aggregating to INR 41,131.33 million.

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Coal India Limited

Acted as the domestic legal counsel to the Government of India in relation to the offer for sale of equity shares through stock exchange mechanism of Coal India Limited held by the President of India, acting through and represented by the Ministry of Coal, Government of India (“GoI”) for USD 724.5 million approximately.

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HDFC Asset Management Company Limited

Advised the underwriters in relation to the initial public offering of HDFC Asset Management Company Limited comprising of an offer for sale by Housing Development Finance Corporation Limited and Standard Life Investments Limited aggregating to INR 28,003.31 million. HDFC Asset Management Company Limited is the largest Asset Management Company (“AMC”) and its IPO was the largest IPO by an AMC.

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Morgan Stanley India Company Private Limited

Advised in relation to bulk deal involving the shares of Tata Consultancy Services equivalent to INR 1.38 billion.

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Chalet Hotels Limited

Advised the underwriters in relation to the initial public offering of Chalet Hotels Limited aggregating to INR 16,411.80 million. This was the first transaction to include the Unified Payments Interface mechanism, recently introduced by SEBI, for applications in the IPO by retail investors.

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Jindal Steel and Power Limited

Advised the underwriters in relation to the QIP of Jindal Steel and Power Limited aggregating to INR 12,000 million. This was one of the largest QIPs of 2018

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Sandhar Technologies Limited

Advised as the sole counsel in relation to the initial public offering of Sandhar Technologies Limited aggregating to INR 5,124.80 million. Sandhar Technologies Limited’s IPO was one of the block buster IPOs of 2018 and was oversubscribed 6.18 times

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Vedanta Group

Advised in relation to their high yield bond issue with an offering size of USD 1 billion.

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Insights

Indian Companies can now raise capital from all Foreign Investors through Direct Listing in the International Financial Services Centre

read more + 21 Feb '24
SEBI moves to fill in a void with codification of corporate governance measures for InvITs and REITs

read more + 06 Mar '23
Key changes introduced by SEBI in the Framework of Offer for Sale through Stock Exchange Mechanism

read more + 27 Jan '23
SEBI ICDR Regulations amendment of November 2022 | Part II | SEBI mandates discloure of KPIs and filing of offer documents with SEBI Head Office

read more + 15 Dec '22
SEBI ICDR Regulations Amendment of November 2022 | Part I | SEBI introduces chapter on pre-filing of draft offer documents for IPOs on main board

read more + 02 Dec '22
SEBI LODR Amendment, 2022: Analysing impact on the ongoing disclosures for listed entities

read more + 29 Nov '22