Four law firms, including two of India's biggest, have bid to advise the state-run Life Insurance Corporation (LIC) on its mega stock offering, after New Delhi made the fee payment structure more attractive.
Singapore's move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange might become a centre for regional tech listings, according to market players.
China Evergrande Group will make it a top priority to help retail investors redeem their investment products sold by the indebted property giant, its chairman said, as uncertainty looms over interest payment due for a dollar bond on Thursday.
White & Case has advised Qatar's Ooredoo on its $6 billion agreement to merge its Indonesian telecom unit with that of Hong Kong's CK Hutchison, which was represented by Freshfields Bruckhaus Deringer.
J Sagar Associates (JSA) has advised Indian used-vehicle platform Cars24 on its $450 million Series F funding round, with Goodwin Procter, Khaitan & Co and Trilegal advising various investors.
Indian law firm Phoenix Legal has hired Jatin Arora in Mumbai as the head of the firm’s indirect tax practice from Price Waterhouse & Co, where he was a principal.
India’s Argus Partners has added Rachika Sahay as a partner in the corporate and infrastructure team in Delhi from HSA Advocates.
Maria Concepcion Simundac, a former partner at Villaraza & Angangco (V&A Law), has joined banking and financial services company ING Philippines in Manila as lead legal counsel.
Krishnamurthy & Co (K Law) and Shardul Amarchand Mangaldas have advised biopharmaceutical company Biocon on the $730 million sale of a 15 percent stake in subsidiary Biocon Biologics to Serum Institute of India (SII), which was represented by Veritas Legal.
Skadden, Arps, Slate, Meagher & Flom has advised Hong Kong biotech startup Prenetics on its planned $459 million Nasdaq listing via a merger with special purpose acquisition company (SPAC) Artisan Acquisition, which was represented by Kirkland& Ellis.
Hiswara Bunjamin & Tandjung (HBT), Herbert Smith Freehills’ Indonesia associate firm, has counselled cellular operator Telkomsel on its $434 million sale and leaseback of 4,000 telecom towers to mobile company Mitratel, which was advised by local firm Umbra.