Sidley acted as U.S. counsel to lead managers Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, and Kotak Mahindra Capital Company Limited in connection with the US$160 million initial public offering of equity shares of Home First Finance Company India Limited (Home First Finance) pursuant to Section 4(a) and Regulation S.
Home First Finance is a technology-driven affordable housing finance company that targets first-time home buyers in low- and middle-income groups. As of September 30, 2020, Home First Finance has a network of 70 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka, and Tamil Nadu.
The multi-office Sidley team comprised partners Manoj Bhargava and Ankit Kashyap, senior associate Varun Jetly, and staff attorney Ravina Mahajan, all of whom are based in Singapore; partner Nicholas R. Brown, counsel Carla G. Teodoro, and associate Christian D. Molander-Barraza, all of whom are based in New York.
