Sayantan Dutta is a Partner with the Firm’s Capital Markets practice. He works closely on matters pertaining to IPOs, FPOs, Rights Issues, QIPs and IPPs, Offer for Sale through stock exchange mechanism transactions as well as InvITs.
Sayantan has been involved in the largest IPO in India, the largest public offering of equity shares in India, the largest OFS transaction in India, the second largest rights issue in India, the largest initial ADR listing by an Indian company and one of the largest IPP transactions in India. He has representative experience for the issuers, the merchant bankers as well as the selling shareholders.
Sayantan also has significant experience in advising Government of India in disinvestment transactions through IPOs, FPOs and Offer for Sale transactions and has advised the Government of India or the merchant banks in several significant disinvestment transactions. He has also assisted practising counsels in defending investor litigations arising out of capital market transactions in various forums including the Securities Appellate Tribunal and the Delhi High Court.
“Clients find that his approach is to provide maximum comfort. He is solution-oriented and has a pleasant personality.” It also stated that “Sayantan has a good reputation for bond work, according to peers, and also acts regularly on equity issuances.” Chambers and Partners Global has also recognised Sayantan Dutta for Capital Markets and has been quoted by peers that ‘he is an experienced and cooperative lawyer.’ A number of his deals have also been selected as “Deals of the Year” (Asia) by International Financial Law Review (IFLR) and India Business Law Journal (IBLJ) including Bharti Airtel Rights Issue, Coal India’s IPO and Coal India’s Offer for Sale.
Sayantan has published a number of articles in print as well as digital media platforms on capital markets issues and trends. He has also been a television guest on programmes relating to emerging trends and amendments in the capital markets regulations. He has also given a number of guest lectures on securities laws in different law schools including NALSAR University of Law, Jindal Global Law School and National Institute of Securities Markets.
Select Experience Statement
Coal India Limited – INR 15,475 crore (approx. US$ 2 billion) IPO in 2010 – the largest IPO in India until date
Coal India Limited – INR 22,557.6 crore (approx. US$ 3.2 billion) OFS in 2015 – the largest OFS as well as public equity offering in India (it was the largest capital markets transaction in India at the time of completion of the deal)
Bharti Airtel Limited – INR 25,000 crore (approx. US$ 3.5 billion) rights issue in 2019 – the (joint) second largest rights issue in India
SBI Cards and Payment Services Limited –INR 10,354.8 crore (approx. US$ 1.4 billion) IPO in 2020 – this is one of the top five largest initial public offers in India until date and largest since 2017. It is also the single largest exit by a private equity in India (in this case being CARH) in an initial public offer
DLF Limited – INR 1,863.4 crore (approx. US$ 248 million) IPP in 2014 – one of the largest IPPs in India and INR 3,100 crore (approx. US$ 413 million) QIP in 2019 – the largest QIP by a real estate development company in India until date
Vedanta Limited (then known as Sterlite Industries) – US$ 2 billion IPO and listing of ADRs on NYSE in 2007 – the largest initial ADR listing by an Indian company until date
Network18 & TV18 – simultaneous & linked rights offerings, aggregating INR 5,400 crore (approx. US$ 720 million) in 2012
Band 5 for Capital Markets in Chambers and Partners, 2021
Up and Coming for Capital Markets by Chambers & Partners, 2019-20
Notable Practitioner for Capital Markets by IFLR1000, 2020-21
Among ‘Top 50 Lawyers’ by ALB India 2020 Super Lawyers
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