Skip to main content

Clifford Chance

Clifford Chance

News and awards

Clifford Chance advises on Indiabulls Housing Finance's US$600 million share placement

15 September 2015

Clifford Chance advises on Indiabulls Housing Finance's US$600 million share placement

Leading international law firm Clifford Chance has advised the lead managers BofA Merrill Lynch, CITIC CLSA Securities, SBI Capital Markets and Axis Capital on the approximately US$600 million Regulation S / Rule 144A qualified institutions placement of 56,934,372 equity shares at Rs.702 per share of Indiabulls Housing Finance Limited (IHFL). IHFL is listed on the BSE Limited and the National Stock Exchange of India Limited.

Partner Rahul Guptan led on the deal and said, "We were very pleased to advise on one of the Indian equity capital market's largest trades so far this year."

Rahul was assisted by associates Korobi Gogoi and Jonathan Crandall.

Indian legal advice was provided by Luthra & Luthra to IHFL and by J. Sagar Associates to the lead managers.

IHFL is one of the largest housing finance companies in India.