Prashant Gupta is a partner in the firm’s corporate department, focusing primarily on capital markets transactions. He represents both issuers and underwriters in various equity and debt capital raising transactions, including initial public offerings, rights issues and QIP offerings, buy-backs, capital restructurings and pre-IPO private placements. He has advised on capital markets transactions that have raised over US$50 billion globally, which include both the largest IPO and bond offerings out of India, as well as the largest secondary trade on the stock exchanges in India. Chambers and Partners, 2022 views Prashant as ‘Band 1’ in Capital Markets: Equity. IFLR 1000, 2022 see him as a ‘Market Leader’ for Capital Markets. Chambers 2020, quotes a source who said, “Prashant is a no-nonsense lawyer who cuts straight to the point, providing crisp, balanced, commercial and technically correct advice.” He has been recognized by The Economic Times in the prestigious “ET 40 under forty” list of India’s “hottest business leaders” in 2019. He has also been recognized by IFLR1000 in the list of “Asia’s Best Lawyers” in 2021 and, and has been recognised in IBLJ’s A-List of India’s Top 100 Lawyers since 2018. He has also been recognized among the Who’s Who Legal “Thought Leaders: Global Elite 2022”. Prashant has advised on equity and bond offerings by issuers across various industries, including Apollo Tyres, Azure Power, AU Small Finance Bank, Bharti Airtel Limited, Coal India, DLF Limited, Dr. Lals Pathlabs, Embassy Office Parks REIT, Eris Lifesciences, Eros International, Federal Bank, Freshworks, HPCL-Mittal Energy, IDFC, IndiaMart, InterGlobe Aviation, Jubilant Foodworks, Lemon Tree Hotels, MakeMyTrip, One97 Communications (Paytm), ONGC, PB Fintech (Policybazaar), PVR Limited, Power Grid Corporation, PNB Housing Finance, SBI Cards and Payments Services, Network18/TV18, TCNS Clothing, Vedanta, Varroc Engineering, Videocon d2h, and Yes Bank.
Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co‘s team is strong across all categories of capital market transactions, including primary offerings of bonds by domestic issuers and global offerings of equity securities. Team lead Prashant Gupta has a strong reputation in equity and debt transactions and extensive expertise in IPOs, follow-on offerings and capital restructurings. Nikhil Naredi, who leads the equity capital markets team, covers a broad range of securities offerings for investors, issuers and investment banks, while Shilpa Mankar Ahluwalia specialises in structured finance and debt offerings. Shubangi Garg is recognised for her expertise in debt investments and listed NCD issuances by InvITs and REITs, while Sayantan Dutta regularly assists government departments and merchant banks with disinvestment transactions. Manjari Tyagi is another key contact.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The team is commercial, good at problem solving, diligent and balanced.'
Key clients
- LIC
- Paradeep Phosphates
- Au Small Finance
- Delhivery Limited
- Bharti listed
- Sula Vineyards
- KFin
- Campus
- Continuum Energy
- Block of Embassy Office Parks
- ONGC OFS
- Indian Hotels
- Motherson
- DLF ICICI
- Mindspace Business Parks
Work highlights
- Assisted the Book Running Lead Managers with an initial public offering by KFin Technologies Limited of equity shares aggregating to $181m.
- Assisted Sula Vineyards Limited with an initial public offering of equity shares aggregating to $116.09m.
Lawyers
Leading individuals
Next Generation Partners
Ms. Manjari Tyagi is a Partner, specializing in the capital markets practice at the Firm. She has advised issuers, as well as merchant bankers on various Indian equity capital markets transactions (including IPOs, QIPs, block trades and offers for sale through the stock exchange mechanism), foreign listings (including ADR listings) and international high-yield bond transactions, FCCBs issuances, as well as buyback of shares by Indian listed companies. Some significant deals Ms. Tyagi has advised on include the following: Represented the brokers in the USD 3.7 billion OFS by the Government of India in Coal India Limited in 2015, which is one of the largest equity trades in India until date. Acted as sole Indian counsel in connection with the listing by Videocon d2h Limited on the NASDAQ Global Market. The Financial Times Asia-Pacific Innovative Lawyers Report 2015 recognises Ms. Tyagi as “Highly Commended” for her involvement on this transaction. Advised the lead managers on the buyback of shares by Infosys Limited, which was amongst the largest buybacks in India. Represented Amira Nature Foods Limited, one of India’s leading rice processing companies on its U.S. IPO and listing on the NYSE. She has been recognised as a Next Generation Lawyer for Capital Markets in India by The Legal 500, 2017 – 21 Ms. Tyagi’s other transactions include initial public offerings in India by Lemon Tree Hotels Limited, Eris Lifesciences Limited, Sembcorp Energy India Limited (ongoing), ReNew Power Limited (proposed), SH Kelkar & Company Limited (as counsel to Blackstone, a selling shareholder) and Aakash Educational Services Limited (ongoing); qualified institutions placements (QIP) by Apollo Tyres Limited and The Federal Bank Limited; institutional placement programme (IPP) by InterGlobe Aviation Limited (IndiGo) (the first IPP which included a secondary offering); international high-yield bond transaction by Marble II Pte. Ltd. (a Blackstone owned entity and the holding company of Mphasis Limited); buyback of shares by Infosys Limited (which was amongst the largest buybacks in India and has been awarded Equity Deal of the Year at the Asian Legal Business (ALB) India Law Awards 2019), as well as several large block/bulk trades.
Practice head
The lawyer(s) leading their teams.
Prashant Gupta, Nikhil Naredi, Shilpa Mankar Ahluwalia