Amarchand, DLA advise on HCL QIP


DLA Piper has advised joint global underwriters CLSA India and JM Financial Consultants in relation to HCL Infosystems’ US$102 million qualified institutional placement (QIP), in which shares were sold to a number of US-based and international investors. Amarchand Mangaldas represented HCL Infosystems on the deal.

Stephen Peepels, head of DLA’s capital markets practice in Asia, led on the deal with assistance from Biswajit Chatterjee, Timothy Franklyn and Larissa Lambino from DLA Piper’s Singapore office.

HCL Infosystems is one of India’s leading information and communication technologies integration companies and a leading player in the domestic IT products and services market. The deal will enable the company to expand its operations by developing infrastructure and making strategic acquisitions to facilitate future growth.

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