Sidley’s significant transactional experience in India dates back to 1984 and the representation of the Indian Fund, a closed-end investment company organized in the U.S. to invest in securities of issuers domiciled in India. This was the first foreign investment fund to be given permission to invest in India. Sidley then represented Merrill Lynch in 1988 in the initial underwriting and subsequent rights offerings of the India Growth Fund, Inc., the first registered investment company available to the U.S. public for investing primarily in Indian equity securities.
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