Indian mobile phone operator Idea Cellular Ltd plans to launch a share sale to raise as much as $500 million on Thursday to part fund its capital expenditure including a purchase of mobile radiowaves, three people involved in the deal said.
The Idea share offering is expected to be launched after the local market hours on Thursday, said the people. They declined to be named as they were not authorised to speak about the deal which is not yet public.
An Idea spokesman declined to comment.
Korean Big Six law firm Shin & Kim has continued the growth of its regulatory focus in 2024 with the addition of Seongkoo Cheong as a partner to lead its financial regulatory practice.
Global law firms Clifford Chance and A&O Shearman and local law firms AZP Legal Consultants and Assegaf Hamzah & Partners (AHP) have advised on the issuance of Indonesia’s landmark $2.35 billion global sukuk.
U.S. law firm Gibson, Dunn & Crutcher has hired Daniel Abercromby as a partner in its Hong Kong office from White & Case, where he was a joint leader of the Asia Sponsor Finance practice.