Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 19-02-2013 | Practice Area: | Equity Capital Markets |
| Deal Title: | Government of India sale of stake in NTPC | Industry: | Electricity |
| Description: |
Herbert Smith Freehills has acted as international and US counsel to NTPC Limited ("NTPC"), one of India's largest state-owned power generation companies, in connection with an offer for sale ("OFS") by the Government of India of a USD2.14 billion stake in NTPC.
The sale of 783,262,880 equity shares at a floor price of Rs.145 per share raised approximately USD2.14 billion, making the NTPC OFS the biggest Indian government privatisation in the current fiscal year and the largest equity deal in India since March 2012. The NTPC OFS marks a significant step towards achieving the Indian Government's target of raising up to USD 6 billion from privatisations in the current fiscal year.
|
||
| Financial Center: | Singapore | Value: | 1000.01-5000.00 |
| Advised Party: | Sellers | Law Firm | Herbert Smith Freehills |
| Company Jurisdiction | India | Market Jurisdiction | India |
| Classification: |
Block Placings |
Lawyer | Siddhartha Sivaramakrishnan |
