2 January 2024 | New Delhi: Shardul Amarchand Mangaldas advised JM Financial Limited (“Book Running Lead Manager”) on the qualified institutional placement by Arman Financial Services Limited (“Issuer”) of approximately US$ 27.61 million.The issuer filed the placement document with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on 22 December 2023.

The transaction team was led by Prashant Gupta, Partner, NP Head, Capital Markets; Sayantan Dutta, Partner; Sanjeev Chowdhary, Senior Associate; Megha Mehta, Associate; Jayant Saxena, Associate; and Ishan Sehgal, Associate.

Hogan Lovells Lee & Lee advised JM Financial Limited on the international legal aspect with respect to selling and transfer restrictions.

Trilegal advised Arman Financial Services Limited on the legal aspects.

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.

The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 822 lawyers including 166 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.


 

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