Rainbow Children’s Medicare Limited’s US$205 Million IPO

Sidley advised Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and IIFL Securities Limited on the deal.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and IIFL Securities Limited acted as lead managers in the US$205 million initial public offering (IPO) of equity shares of Rainbow Children’s Medicare Limited pursuant to Section 4(a) and Regulation S of the U.S. Securities Act of 1933.

Rainbow Children’s Medicare is a leading multispecialty pediatric, obstetrics, and gynecology hospital chain in India, operating 14 hospitals and three clinics in six cities, as of December 31, 2021.

The Sidley team comprised partner Manoj Bhargava (Picture), counsel Shashwat Tewary, associate Klara Thamrin, and legal assistants Caulyn Bong and Daniel Ang, all of whom are based in Singapore; and partner Nicholas R. Brown, counsel Carla G. Teodoro, and associate Alvin Wang, all of whom are based in New York.

Involved fees earner: Manoj Bhargava – Sidley Austin LLP; Nicholas Brown – Sidley Austin LLP; Carla Teodoro – Sidley Austin LLP; Shashwat Tewary – Sidley Austin LLP; Klara Thamrin – Sidley Austin LLP; Alvin Wang – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: IIFL Securities Ltd; J.P. Morgan India Private Limited; Kotak Mahindra Capital Co. Ltd.;

Martina Bellini

Author: Martina Bellini