Clifford Chance advises on US$100 million placement of shares in India's Prestige Estates Projects
20 August 2014
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- Singapore
Clifford Chance advises on US$100 million placement of shares in India's Prestige Estates Projects
Clifford Chance has advised the lead managers CLSA India Limited and J. P. Morgan India Private Limited on the approximately US$100 million Regulation S / Rule 144A qualified institutions placement of 25,000,000 equity shares at Rs.245 per share of Prestige Estates Projects Limited ("Prestige"). Prestige is listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
"We're very pleased to have closed another equity capital market transaction in India," said Partner Rahul Guptan who led on the deal. "We continue to see a healthy pipeline of deals out of India post the elections and are looking forward to other equity and debt deals from India."
Rahul was assisted by Hong Kong consultant Thomas Kollar and associate Bertrand Law.
Indian legal advice was provided by Amarchand & Mangaldas to Prestige and by S&R Associates to the lead managers.
Prestige is one of the largest real estate developers in South India with over 28 years experience and having completed 177 residential, commercial and hospitality projects throughout South India.