Indian law firm Khaitan & Co advised Bharat Forge, a leading Indian forging company, on its $195 million equity offering through a qualified placement of shares. Freshfields and Shardul Amarchand Mangaldas & Co. advised the bookrunning lead managers.

The QIP attracted over 10x the demand of its issue size from domestic and foreign investors.

The Khaitan team advising Bharat Forge was led by executive director Sudhir Bassi and partner Soumya Mohapatra. Khaitan has advised on a number of QIPs in India’s buoyant capital markets environment, including the $1 billion Vedanta QIP, Torrent Power’s $413 million QIP and Samvardhana Motherson’s $771 million QIP. 

The Freshfields team serving as international counsel to the BRLMs Kotak Mahindra Capital and Morgan Stanley India Company included partner Arun Balasubramanian, senior associate Raashi Mukherji, and associates Candice Ma and Apoorv Chaturvedi.
 
The SAM team was led by partner and national practice head for capital markets Prashant Gupta and partner Ruth Chenchiah, with assistance from senior associate Harini Jambunathan, and associates Purva Mishra and Abhit Tanay.