January 3, 2022
Shardul Amarchand Mangaldas & Co. advised Axis Capital Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, BNP Paribas, BofA Securities India Limited, HDFC Bank Limited and JM Financial Limited (“Lead Managers”) in connection with the Rights Issue by Bharti Airtel Limited. The deal is valued at US$ 2.83 billion. The expected date of closing was 27 October 2021.
This is the fourth largest rights issue successfully completed and the largest rights issue transaction of 2021 in India.
The transaction team was led by Prashant Gupta, Partner; Sayantan Dutta, Partner; Trishita Dasgupta, Senior Associate; Maharghya Biswas, Senior Associate; Jayant Bhardwaj, Associate; Debolina Mitra, Associate; and Tanish Prabhakar, Associate.
AZB & Partners advised the Bharti Airtel Limited.
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