Khaitan & Co acted as counsel to National Securities Depository Ltd (the "Company") as to Indian Law in relation to the initial public offering(“IPO”) of equity shares of the Company through an offer for sale of up 50,145,001 equity shares by IDBI Bank Ltd, National Stock Exchange of India Ltd, Union Bank of India, State Bank of India, HDFC Bank Ltd and Administrator of the Specified Undertaking of the Unit Trust of India aggregating to INR 40,110.00 million. The NSDL IPO was subscribed 41.01 times. ICICI Securities Ltd, Axis Capital Ltd, HSBC Securities and Capital Markets (India) Pvt Ltd, IDBI Capital Markets & Securities Ltd, Motilal Oswal Investment Advisors Ltd, SBI Capital Markets Limited and HDFC Bank Ltd were the BRLMs for the IPO.
The core team consisted of Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Vaibhav Mittal (Partner), Ira Pandya (Senior Associate), Sarjana Das (Senior Associate), Siddharth Jain (Associate) and Tejas Kothari (Associate).