Skip to main content

AZB & Partners and Cyril Amarchand Mangaldas have advised Mumbai-headquartered life insurance provider HDFC Standard Life Insurance on its $1.33 billion IPO debut on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).

Meanwhile, India’s S&R Associates and Latham & Watkins have counseled Morgan Stanley, HDFC Bank, Credit Suisse, Citic CLSA, Nomura,  Edelweiss, Haitong Securities, IDFC Bank, IIFL Holdings and UBS as bookrunners on the IPO.

HDFC Standard Life, a joint venture between Housing Development Finance Corporation (HDFC) and UK-based investment company Standard Life Aberdeen, is the third life insurance company to be listed on the exchanges, after ICICI Prudential Life and SBI Life, and the fourth billion dollar-plus IPO in India this year. India has seen a record year for IPOs with more than $11 billion of initial share sales, reported Reuters.

The Latham team was led by Singapore partner and India practice head Rajiv Gupta, who was assisted by New York partners Jiyeon Lee-Lim and Gregory Hannibal, and by Chicago partner Nabil Sabki.

Related Articles

Deals

Nishimura guides Goldman Sachs on $530mln Japan take-private deal

by Nimitt Dixit |

Japanese Big Four firm Nishimura & Asahi has advised global investment bank Goldman Sachs on its acquisition and privatisation via management buyout of Nihon Housing, a building and real estate management company, for $530 million.

Deals

SAM, CAM, Hogan Lovells guide Acme Solar’s $343mln India IPO

by Nimitt Dixit |

Shardul Amarchand Mangaldas & Co has advised Acme Solar, one of India's largest renewable energy independent power producers, on its $343 million initial public offering.

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.