Sidley emerged as the leading legal adviser globally for India equity offerings in 2022 for manager counsel and by overall deal count in Bloomberg Global Legal Adviser League Tables FY 2022. This builds on the firm’s track record from 2021, where it was the top-ranked international legal adviser globally for India equity offerings for manager counsel and by overall deal count in Bloomberg Global Legal Adviser League Tables FY 2021.
Sidley was credited for advising on 12 India equity offerings in 2022, more than any other law firm. These include the following:
- Macrotech Developers Limited’s US$430 million QIP
Sidley acted as international counsel to Kotak Mahindra and Jefferies on the US$430 million qualified institutional placement (QIP) of equity shares of Macrotech Developers Limited. This was a groundbreaking and first-of-its-kind transaction, being the first-ever purely secondary QIP of equity shares in the history of Indian capital markets. Awarded IBLJ Deal of the Year 2022. - Fusion Micro Finance Limited’s US$135 million IPO
Sidley acted as international counsel to lead managers ICICI Securities, CLSA, IIFL Securities, and JM Financial in connection with the initial public offering (IPO) of equity shares of Fusion Micro Finance Limited, the second-largest nonbank financial institution–microfinance institution in India, which touches the lives of 3 million rural clients in the country. - Five Star Business Finance Limited’s US$195 million IPO
Sidley acted as international counsel to lead managers ICICI Securities, Edelweiss, Kotak Mahindra, and Nomura in connection with the IPO of equity shares of Five Star Business Finance Limited, one of the largest providers of secured business loans to microentrepreneurs and self-employed individuals in India, by number of branches. - AU Small Finance Bank Limited’s US$250 million QIP
Sidley advised ICICI Securities, BofA Securities, Morgan Stanley, and Avendus Capital, the lead managers, in connection with the QIP of equity shares of AU Small Finance Bank Limited, the largest small finance bank in India. Awarded IBLJ Deal of the Year 2022. - Rainbow Children’s Medicare Limited’s US$205 million IPO
Sidley acted as international counsel to lead managers Kotak Mahindra, J.P. Morgan, and IIFL in connection with the US$205 million IPO of equity shares of Rainbow Children’s Medicare Limited, a leading multispecialty pediatric/obstetrics and gynecology hospital chain in India. - Indiabulls Real Estate Limited’s US$115 million QIP
Sidley represented Axis Capital, IIFL, Jefferies, JM Financial, and SBI Capital as lead managers in connection with the US$115 million QIP of equity shares of Indiabulls Real Estate Limited, a leading Indian real estate company. - The Indian Hotels Company Limited’s US$260 million QIP
Sidley represented ICICI Securities and Credit Suisse as lead managers in connection with the US$260 million QIP of equity shares of Tata-backed The Indian Hotels Company Limited. - Vedant Fashions Limited’s (Manyavar) US$425 million IPO
Sidley represented Axis Capital, Edelweiss, ICICI Securities, IIFL, and Kotak Mahindra as lead managers in connection with the US$425 million IPO of equity shares of Vedant Fashions Limited, a market leader in Indian celebration wear. - Adani Wilmar Limited’s US$480 million IPO
Sidley represented Kotak Mahindra, BofA Securities, BNP Paribas, Credit Suisse, HDFC Bank, ICICI Securities, and J.P. Morgan as lead managers in connection with the US$480 million IPO of equity shares of Adani Wilmar Limited, a leading fast-moving consumer goods company in India. - AGS Transact Technologies Limited’s US$90 million IPO
Sidley represented ICICI Securities, HDFC Bank, and JM Financial as lead managers in connection with the US$90 million IPO of equity shares of AGS Transact Technologies Limited, one of the integrated omnichannel payment solutions providers in India.
Sidley was also recently recognized by the India Business Law Journal as among the Top Foreign Law Firms for India matters in 2022.
