Duane Morris & Selvam Advised on Capri Global Capital Limited’s Sale of US$180 Million

Duane Morris & Selvam Advised on Capri Global Capital Limited’s Sale of US$180 Million

Duane Morris & Selvam LLP acted as the international counsel to ICICI Securities Limited in its capacity as the lead manager on Capri Global Capital Limited's recent sale of Rs. 14,400 million (US$180 million) of equity shares in a rights issue, including an offer to qualified institutional buyers in the United States.

Capri Global Capital Limited is a Nonbanking Financial Company (NBFC) in India that primarily caters to MSMEs, self-employed nonprofessionals and first-time borrowers that lack access to formal credit channels.

Duane Morris & Selvam’s team was led by Jamie Benson, a director in the Singapore office and head of the U.S. capital markets, U.S. venture capital and India practices.

The team also included Hope Krebs, an international tax partner in Duane Morris’ Philadelphia office; Stephen DiBonaventura, chair of Duane Morris' Tax Group; Bei Wang, a senior associate in the Singapore office; and Ming Ze Yeo, an associate in the Singapore office.

"We are proud to have advised ICICI Securities Limited on this significant transaction," said Benson, "The deal highlights our firm's extensive experience in advising clients on complex cross-border transactions, and we look forward to continuing to provide exceptional legal counsel to our clients in India and across the globe."