Cases
Experience: Representative Matters: Represented Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (ND), in its agreement
plan of merger with Gravitas Education Holdings Inc. (GEHI), a NYSE-listed company, valued at approximately $750 million.
Acted for Credit Suisse in its issuance of $17 billion Additional Tier 1 debt (AT1/CoCo bonds) which were eventually written down to zero by Swiss regulator FINMA as part of the takeover of Credit Suisse by UBS.
Represented the underwriters, led by Citigroup Global Markets Inc. (CGMI), in registered offerings by Citigroup Inc. of $3 billion of fixed-rate/floating-rate bonds due 2033, $1.75 billion of fixed rate/ floating-rate bonds due 2026,
$500 million of floating-rate bonds due 2026.
Represented Sabre Corporation (Sabre) in establishing a $300 million 'at-the-market' (ATM) common stock program..
Acted for a securities firm
CGMI as representatives of the underwriters, in a $950 million two-tranche registered offering by A.J. Gallagher.
Spearheaded the first social bond offering from India in 2021 by a non-banking finance company, Shriram Transport Finance Company Limited (STFC). Advised the lead managers in connection with STFC's update
144A/Reg S issuance of $500 million 4.40% Senior Secured Notes due 2024, the proceeds of which were used for employment generation, including providing microfinance support to SMEs in India.
Advised State Bank of India (SBI), acting through its London branch, in connection with the issuance of $600 million 1.80% senior notes due 2026 under SBI's $10 billion Medium Term Note Program. This was the first U.S. dollar bond issuance with lowest coupon by an Indian scheduled commercial bank since the onset of COVID-19 after a gap of two (2) years.
Advised Barclays Bank PLC, Deutsche Bank AG,
J.P. Morgan Securities plc, as joint lead managers, on $300 million 5.5% Secured Notes due 2024 issued by a Mauritian orphan special purpose vehicle, India Toll Roads (the Notes Issuer), under Reg S
Rule 144A. The proceeds from the issuance of the notes were used by the Notes Issuer to subscribe for Indian rupee-denominated non-convertible debentures issued by IRB Infrastructure Developers Limited.
Led Barclays, HSBC,
JP Morgan, as joint lead managers, on $460 million 4.0% Secured Notes due 2027 issued by a Mauritian orphan special purpose vehicle, India Green Power Energy Holdings, under Reg S
Rule 144A.
Acted as sole international counsel to the book running lead managers in connection with the qualified institutions placement of equity shares by Zydus Wellness Limited, a wholly owned subsidiary of Cadila Group. The placement raised INR650 crores (approximately $86 million) to develop
produce fast moving consumer goods (FMCG) focused on improving health
building immunity to prevent COVID-19.
Counselled the KKR-backed Max Healthcare Institute Limited (MHIL)
the book running lead managers as sole international counsel on the qualified institutions placement of equity shares by MHIL in a Reg S/Rule 144A offering. Through the offering, MHIL raised INR1,200 crores (approximately $165 million) for capacity augmentation, increasing its stake in existing/future subsidiaries
to repay existing debt.
Advised BNP Paribas, Citigroup GM, Goldman Sachs, HSBC, JP Morgan, Samba Capital & Investment Management Company,
St
ard Chartered Bank on the issuance by the Kingdom of Saudi Arabia acting through the Ministry of Finance of 500 million Series 23, 0.625% notes due 2030 under its global medium term note program.
Acted for the issuer, Vedanta Resources Limited, on its high-yield issuance of $1.4 billion 13.00% Guaranteed Senior Secured Bonds due 2023 that was unconditionally
irrevocably guaranteed by Vedanta Holdings Mauritius Limited
Vedanta Holdings Jersey Limited.
Guided the lead managers on Indian Railway Finance Corporation Limited's issuance of $700 million 3.249% Notes due 2030
$300 million 3.249% Notes due 2030 issued under its $2 billion global medium term note program.
Advised Commonwealth Bank of Australia in its issuance of short-term commercial papers to raise $345 million of capital to meet its working capital requirements
refinance inter corporate loans.
The above representations were h
led by Ms. Gupta prior to his/her joining Greenberg Traurig, LLP.
Previous Experience: Secondee, Props (Asset Management Company), 2017
Internships: Intern, Kumar Builders, 2010-2011
