Nikhil Naredi is a Partner in the Firm’s Capital Markets practice, specialising in equity and debt capital markets and corporate advisory matters.
Nikhil has advised issuers, investment banks and investors on a wide variety of securities offerings, including public offerings and private placements of equity, equity-linked and debt securities, such as Initial Public Offerings (IPOs) and Follow-on Public Offerings (FPOs), Foreign Currency Convertible Bonds (FCCB) issuances and restructuring, American Depositary Receipts (ADR) listings, Qualified Institutions Placements (QIPs), IPOs and Private Placements of units of Infrastructure Investments Trust (InvIT) and Real Estate Investment Trust (REITs) and rights issues across a number of sectors. He has advised on transactions that have raised over USD 25 billion, across stock exchanges, including the Indian stock exchanges, NYSE, NASDAQ, London Stock Exchange, SGX and Luxembourg Stock Exchange.
Nikhil has also been a part of the Visiting Faculty, Post-Graduate Diploma Course in Securities Law, Government Law College, Mumbai.
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Mindspace Business Parks REIT, its sponsors (Anbee Constructions LLP and Cape Trading LLP) as well as the investor selling shareholders (entities affiliated to the Blackstone Group Inc.) and its manager (K Raheja Corp Investment Managers LLP) in connection with the structuring and listing of units pursuant to an IPO. This is the largest global REIT IPO this year.
Axis Bank Limited on its ₹ 12,000 cr QIP in 2019 – the largest QIP by a private sector bank in India and its ₹ 10,000 cr QIP in 2020.
The India Infrastructure Trust and its sponsor (Brookfield) in relation to the setting-up and simultaneous offering and listing of the units and NCDs of private infrastructure investment trust (InvIT) in 2019, aggregating to ₹ 130,100 million in 2019.
Allianz Capital Partners GmbH (ACP) in its investment in 25% of the units issued by IndInfravit Trust in 2018, a private infrastructure investment trust (InvIT) set up by L&T Infrastructure Development Projects Limited. This is the first private InvIT to be set up under the SEBI (Infrastructure Investment Trusts) Regulations.
USD 235 million IPO by Chalet Hotels limited in 2019
USD 300 million IPO by Varroc Engineering limited in 2018 – one of the largest PE exits in recent times
USD 300 million IPO by Avenue Supermarts Limited (DMart) – one of the largest investor books ever in Indian IPOs
USD 1.0 billion FCCB offering by Reliance Communications Limited – one of the largest FCCB offerings by an Indian company to date
USD 1.3 billion rights offering by Hindalco Industries Limited – the biggest underwritten rights offering by an Indian company to date and two subsequent QIPs
USD 2.1 billion IPO by Reliance Power Limited, one of the largest public offerings in India and the ‘Equity Deal of the Year’ at the Asia Legal Business Awards
Two Concurrent NYSE-listed ADR and Indian domestic offerings of equity shares (US$ 1.7 billion and US$ 4.0 billion) by ICICI Bank Limited – the first ever concurrent domestic and overseas offering by an Indian company and the ‘Equity Deal of the Year’ at the Asia Legal Business Awards
A detailed experience statement can be shared on a confidential basis.
Bar Council of Maharashtra and New York State Bar Association
Solicitor of the Senior Courts of England & Wales
L.L.M. from the Columbia University School of Law, New York
B.A. L.L.B. (Hons.) from the National Law School of India University, Bangalore
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