JSA Law

Finance

Partner

About Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds. Arka has been with the firm for 14 (fourteen) years. He has represented issuers, underwriters and selling shareholders in various equity and debt capital market transactions. He has many firsts to his credit. (i) He was part of the team which advised on the first ever Qualified Institutions Placement in the country; (ii) He was also a part of the team for the first ever public issue of Non- Convertible Debentures of Tata Capital Limited; (iii) Most recently he co-led the first ever IPO of an Infrastructure Investment Trust under the SEBI INVIT Regulations for IRB InVIT Trust and (iv) the first ever privately placed UNITs under the SEBI INVIT Regulations of L&T IDPL. He represents JSA in the sub-committee formed by SEBI in connection with drafting and amending SEBI INVIT Regulations. He is also instrumental in forming views on ICDR Regulations along with peer group law firms and lead managers. He is highly regarded as the go to lawyer for underwriters and has represented the underwriters in several initial public offerings. He is rated as a ‘notable practitioner’ in the field of ‘capital markets’ by legal publications including IFLR. He has been ranked in Chambers & Partners Indian and Asia Pacific. RSG Consulting noted Arka to be “highly recommended by clients” for Capital Markets in India for the year 2019 and stated he is known for his availability and knowledge. He has also contributed articles to leading international publications

Experience Some of the key assignments in these areas handled and being handled by Arka, amongst others, cover the following: - • Advised on the first ever proposed initial public offering of IRB infrastructure investment trust under the SEBI INVIT Regulations. • Advised on the proposed initial public offering of R-Infra-Investment trust under the SEBI INVIT Regulations; • Currently representing the Selling Shareholders in the IPO of a stock exchange; • First ever Qualified Institution Placement in India of Spentex Industries Limited. • Advised on Qualified Institutional Placement by State Bank of India, one of the largest QIP by issue size in the country. • Advising TATA Capitals and Citigroup for the first ever public issue on Non-Convertible Debentures. • Regularly advised the Shriram Group for their public issue of Non-Convertible Debentures. • First ever initial public offering of Pipavav Shipyards Limited under the SEBI ICDR Regulations. • Advised Underwriters and Issuers on various IPOs the significant ones being- Reliance Power IPO, Repco Housing Limited, Bajaj Corp Limited, IRB Limited, Dilip Buildcon Limited, Intas Pharma Limited, Quess Corp Limited, Advanced Enzymes Limited. • Advised V- Sciences Limited (a Temasek entity) in its offer for sale in the initial public offering of Healthcare Global Enterprises Limited. • Advised Proparco and Rabo in its offer for sale in the initial public offering of Prabhat Dairy limited. • Advising PE funds as selling shareholders to various initial public offerings. • Acquisition of Anchor Electricals by a Japanese major • Acquisition of Gwalior Chemicals by a German multinational

English, Hindi & Bengali

Memberships Bar Council of Maharashtra Bar Council of Goa

B.SL., LL. B., University of Pune, Symbiosis Law College- graduated in the year- 2006