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Khaitan & Co acted as the Domestic legal counsel to the Book Running Lead Managers – Citi Global Markets India Private Limited, Axis Capital Limited, Deutsche Equities India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and Kotak Mahindra Capital Company Limited in relation to General Insurance Corporation of India’s Initial Public Offering which is expected to raise over $1bn.
The core transaction team included Abhimanyu Bhattacharya (Partner), Madhur Kohli (Associate Partner), Soumya Mohapatra (Principal Associate), Barkha Doshi (Associate), Pranav Agarwal (Associate) with assistance from Rohan Singh (Senior Associate) led the transaction. GIC Re is India’s only reinsurance company and the first government owned non-life insurance company in India to file a DRHP for an initial public offering. This is one of the largest proposed IPOs of this financial year.
Khaitan advises Flipkart on SoftBank investment
Khaitan & Co advised Flipkart Limited in relation to an investment by SoftBank’s Vision Fund into Flipkart.
The Flipkart Group is India’s largest e-commerce marketplace and includes group companies Flipkart, Myntra, Jabong, PhonePe and eBay.in.
Ganesh Prasad (Partner), Vinay Joy (Associate Partner) and Arun Scaria (Principal Associate) represented the client on the transaction. This is largest single investment in the technology and e-commerce space.
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