Sidley acted as international counsel to ICICI Securities, IIFL Capital, Jefferies, and J.P. Morgan, the book-running lead managers, on the US$250 million initial public offering (IPO) of equity shares in Sagility India Limited (Sagility).
Sagility provides technology-enabled business solutions and services to clients in the U.S. healthcare industry. It is a leader in the large and resilient U.S. payer (U.S. health insurance companies, which finance and reimburse the cost of health services) and provider (primarily hospitals, physicians, and diagnostic and medical devices companies) solutions market.
Manoj Bhargava and Shashwat Tewary led the Sidley team, which included Sarangan Rajesh Kumar, with support from Daniel A. O’Shea, Carla G. Teodoro, Nicholas R. Brown, Robert M. Kreitman, Alvin Wang, Morgan Ross, Andrew W. Shoyer, Angela M. Xenakis, and Leslie A. Shubert.
The firm’s market leadership in India-related matters has been widely recognized, with Sidley being named as a Top Foreign Law Firm for work in India by the India Business Law Journal in 2024 for the seventh year running. Sidley has continued to advise on innovative, “market first” equity offerings in 2024, including of FirstCry, Medi Assist Healthcare, Vodafone Idea, and Afcons Infrastructure.
Sidley was also named Securities Firm of the Year at Law.com International’s Asia Legal Awards 2024, underscoring the firm’s preeminence in securities offerings.
