CAPITAL MARKETS

Capital Markets and Securities' laws is another core practice area of the Firm. The Firm' s experience covers a wide range of equities' and debt offerings in domestic and international markets including Initial Public Offerings ("IPOs").

The Firm acts as legal advisor to various public sector and statutory bodies as well as commercial enterprises in relation to Capital Markets and Securities laws related activities.

The Firm' s services include a wide range of activities involving coordination with merchant bankers, debenture trustees and other intermediaries, legal documentation and related procedures and drafting of offering-related agreements. The Firm carries out due diligence, ensures compliances and disclosures to be made in offer documents in accordance with the rules and regulations of the Securities and Exchange Board of India ("SEBI") and the Reserve Bank of India ("RBI") and also represents clients before various statutory authorities.

The Firm has been ranked No. 1 amongst the top solicitor firms by:

Prime Ranking for Public Debt Offers in India.

Prime Ranking for Public Issues of Equity in SME Sector.

India Equity IPO: Legal Advisor .


The Firm has also been ranked as follows:

No. 6 (India Equity IPO: Legal Advisor - Deal Count)

No. 10 (Global Equity IPO: Legal Adviser - Volume).

No. 10 (Asia ex-Japan Equity IPO: Legal Advisor - Volume) in Bloomberg' s League Table for First Quarter of 2017 for Global Legal Advisor.

No. 14 Global Capital Markets Review Legal Advisors - League Table Asia Pacific (ex-Japan) Capital Markets Review (Asia Equity & Equity - related (BX1).

Transactions on which the Firm has advised, have won various awards, including the Deal of the Year for NHAI' s Public Debt Offer - India by Lawyers Monthly.


Key transactions


Advised NHAI on its maiden Public Debt Offer of Rs. 10,000 crores (US$1.85 billion).

A Advised a leading public sector undertaking on the Public Debt Offers of Rs. 3,000 crores (US$482.5 million) for 2011-12, of Rs. 2,700 crores (US$434.3 million) for 2012-13 and of Rs.3,500 crores (US$563 million) for 2013-14.

Advised the Port Trust organisation on its Public Debt Offer of Rs. 2,000 crores (US$321.7 million) for 2012-13.

Advised a leading power finance company on its Public Debt Offer of Rs. 5,000 crores (US$804.2 million) for 2013-14.

Acted as legal counsel for the Private Placement of capital gains 54EC bonds; Subordinated Tier II bonds and Institutional bonds issued as debentures by leading Government / public sector undertakings.

Advised a public sector enterprise on bonds valued at CHF200 million (US$211 million) issued on the Swiss Stock Exchange.

Advised a Bank on compliance with SEBI guidelines for its Private Placement of Innovative Perpetual Debt Issue (series I) of Rs. 244 crores (US$45 million).

Advised a private sector bank on forward trade agreements, currency agreements, and derivate agreements based on the International Swaps and Derivatives Association ("ISDA") Master Agreement for compliance with FEMA regulations and RBI guidelines.

Key People
Vidisha Krishnan


Vidisha Krishan
Partner

Vidisha obtained her LL.B. degree from the Faculty of Laws at Delhi University. She also holds a degree in Journalism Honours from Delhi University. She has an LL.M. in banking and finance law from the University College London.

Having worked with India's capital markets regulator' the Securities and Exchange Board of India' she has extensive experience working in law firms as well as in the government. At the Board she was involved in policy formulation and regulation drafting and helped provide informal guidance on various delisting' buyback and takeover issues to listed companies.

Vidisha focuses on capital markets issues as well as cross-border investments into India. She advises on matters relating to RBI/FEMA aspects of cross-border transactions as well as domestic listed and unlisted company issues.

Her capital markets practice covers all aspects of RBI and SEBI laws including takeovers, public issues' private placements' alternate investment funds' eligible investor categories (FIIs' QFIs' NRIs) etc. Her expertise also extends to private equity deals' joint ventures in the corporate and commercial sector.

Vidisha has advised on various aspects of foreign investments in India by institutional and non-institutional investors on debt instruments of the Indian public sector undertakings. She has also advised on various debt issues of public sector undertakings and statutory bodies.

Practice Areas
Banking & Finance
Capital Market
Corporate & Commercial
Government Affairs
Power and Energy


Contact details
Mumbai office
vidisha@mvkini.com
+91 22 2261 2527