Power Grid India, a government-owned electric power transmission company, has fired through the capital markets with a US$1.7 billion further public offering.
The offering consisted of 840 million shares of which half were offered by the company and the rest by the Indian government at ₹90 (US$2) per share. The transaction consisted of a public offering in India and a placement to qualified institutional buyers in the US under Rule 144A and outside the US under Regulation S. The offering closed on 24 November.
O’Melveny & Myers served as international counsel to the underwriters: Goldman Sachs, JP Morgan India, and SBI Capital Markets. The O’Melveny team was led by members of the firm’s capital markets practice in Singapore. The team included counsel Andrew Hutton and Pooja Sinha, partner David Makarechian and associate Anirudh Rastogi. O’Melveny advised the Indian government on NTPC’s billion dollar offering earlier in 2010.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
