Two deals that the Sidley team led by partner, Manoj Bhargava, advised on as issuer’s counsel have been named “Deal of the Year” at the Asian Legal Business India Law Awards 2021. They are:
- Sidley acted as U.S. counsel to Reliance Industries Limited in connection with its US$7 billion rights offering pursuant to Section 4(a)(2) and Regulation S. This was the largest rights offering by a non-financial services company in the world in the last 10 years. This was also India’s largest rights issue ever, where offers and sales were also made to qualified institutional buyers in the U.S. and institutional investors outside of India. The transaction was named “Equity Market Deal of the Year (Premium).”
- Sidley acted as international counsel to Brookfield REIT in connection with its US$525 million initial public offering of units pursuant to Section 4(a) and Regulation S. This offering was India’s third real estate investment trust initial public offering and Sidley’s second real estate investment trust initial public offering in India. The deal was named “Equity Market Deal of the Year (Midsize).”
The annual awards, of which this was the third edition, pay tribute to the outstanding performance of lawyers across India and the region.