Sidley acted as international counsel to lead managers Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited in connection with the INR19 billion (approximately US$230 million) IPO of Cello World Limited (Cello World).
Cello World is a prominent player in the consumerware market in India, with presence in the consumer houseware, writing instruments and stationery, and molded furniture and allied products, and consumer glassware categories.
The Sidley team was led by partner Manoj Bhargava and comprised counsel Shashwat Tewary and associates Edward Lee and Jayant Bhardwaj (all in Singapore), as well as partners Carla G. Teodoro, Nicholas R. Brown and Robert M. Kreitman and managing associate Alvin Wang (all in New York).
Sidley is one of the most experienced international law firms executing capital markets transactions in India and other Asian markets. The India Business Law Journal has ranked Sidley a “Top Foreign Law Firm” for India work for six consecutive years. Sidley is also ranked the leading legal adviser globally for India equity offerings in 2022 for manager counsel and by overall deal count in Bloomberg Global Legal Adviser League Tables FY 2022 and was credited for advising on 12 India equity offerings in 2022, more than any other law firm.