Aavas Financiers’ $235 million initial public offering

Sidley represented ICICI Securities, Citigroup, Edelweiss, Spark Capital and HDFC Bank as the underwriters in the US$235 million initial public offering of equity shares of Aavas Financiers Limited pursuant to Section 4(a) and Regulation S.

Aavas Financiers Limited is a housing finance company which offers housing loans to customers belonging to low and middle income segments in semi-urban and rural areas of several states in India.

The multi-office Sidley team was comprised of partners Manoj Bhargava (Picure), Ankit Kashyap (Singapore), Nicholas R. Brown (New York) and Brian M. Kaplowitz (New York), counsel Carla G. Teodoro (New York), and associates Varun Jetly (Singapore), Christian D. Molander-Barraza (New York) and Klara Thamrin (Singapore).

Involved fees earner: Manoj Bhargava – Sidley Austin LLP; Nicholas Brown – Sidley Austin LLP; Varun Jetly – Sidley Austin LLP; Brian Kaplowitz – Sidley Austin LLP; Ankit Kashyap – Sidley Austin LLP; Christian Molander-Barraza – Sidley Austin LLP; Carla Teodoro – Sidley Austin LLP; Klara Thamrin – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Citigroup Inc.; Edelweiss Financial Services Ltd.; HDFC Bank Ltd; ICICI Securities Ltd.; Spark Capital Partners, LLC;


Author: Michael Patrini