Clifford Chance

Clifford Chance advises on two headline Indian deals

Leading international law firm Clifford Chance has advised on two recent headline deals in India.

The first was advising GMR Infrastructure Ltd, one of India's leading infrastructure developers, on its US$300 million subordinated foreign currency convertible bond, governed by English law. The bonds were privately placed with Kuwait Investment Authority pursuant to the recently revised framework for external commercial borrowings issued by the Reserve Bank of India. Deutsche Bank India was financial adviser to GMR and Citigroup India advised KIA. Partner Rahul Guptan led on the deal and was supported by counsel Gareth Deiner, senior associate Shashwat Tewary, associate Korobi Gogoi and trainee Duc Nguyen.

The second transaction involved advising Nomura, J.P. Morgan, Axis Capital and Edelweiss as the lead managers on Alkem Laboratories Ltd's US$200 million Rule 144A/Reg S IPO. Alkem is a leading Indian pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and neutraceutical products. Rahul also led on this deal and was assisted by Shashwat and Duc.

Rahul said, "I am immensely proud of our team. Both of these deals are among the largest capital markets deals in India for 2015."