10 January, 2020
Duane Morris & Selvam LLP acted as the international legal counsel to JM Financial Limited and Edelweiss Financial Services Limited in their role as the book running lead managers on the recent sale of Rs. 5 billion (US$70 million) of equity shares in Prince Pipes Limited in an initial public offering in India and concurrent private placements outside India. The equity shares are now listed on BSE and NSE.
Duane Morris & Selvam LLP’s team was led by Jamie Benson, head of the firm’s India practice and U.S. capital markets practice. The team also included: Hope Krebs, partner, Duane Morris LLP; and Jaya Malhotra, associate, Duane Morris & Selvam LLP.
Commenting on this deal, Benson said, “I am proud to have led our team on Prince Pipes’ recent IPO. We worked on the deal for more than two and half years, so I am very happy to see the company’s successful IPO.”
L&L Partners and IndusLaw acted as Indian legal counsel to Prince Pipes and AZB & Partners acted as Indian legal counsel to the book running lead managers.
