Sudhir is an Executive Director in Capital Markets practice group in the Mumbai office. With over 33 years of experience in the capital markets space, Sudhir has advised companies on all types of capital raisings (public/private/international both in equity and debt space), open offers, buy-backs, delistings and other regulatory matters.
Sudhir has been associated with conceptualizing new concepts (e.g. shelf prospectus (for ICICI Bonds), book building (Tata Steel Bond Issue and Nirma FPO), exchangeable bond (Tata Industries), index bond (ICICI), conditional IPO (TCS IPO) and executing first time transactions (e.g. QIP offering (Apollo Tyre) and OFS (ONGC), first privately placed unlisted InvIT (Digital Fibre Infrastructure Trust)) etc.
Sudhir extensively works with securities market regulator – SEBI and is a member of (i) Primary Markets Advisory Committee of SEBI and was a member of (i) Research Advisory Committee of SEBI; and (ii) Municipal Bond Development Committee of SEBI.
He is also a member of Capital Market Committee of Federation of Indian Chamber of Commerce & Industries (FICCI)
He is associated with Industry Standard Forum, a committee of apex Industry Chambers – FICCI, CII and Assocham, which is working closely with SEBI to formulate (i) guidance note on implementation of continuous disclosure regime for listed companies; (ii) rumour verification; and (iii) disclosure of key performance indicators in offer documents.
He was member of committee constituted by SEBI for revision of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009. SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018 has been formulated basis on the recommendations of this Committee, member of the Committee for revision in regulatory framework for public issue of debentures and recommending regulatory framework for ‘on Tap’ Issuance of debentures and member of the committee to reconnect framework for differential right shares.
Sudhir has been involved in discussions with SEBI and Stock exchanges in relation to development of regulatory framework for the ‘Offer for Sale Mechanism’, SEBI (Issue of Capital & Disclosure Requirement) Regulations, 2009, SEBI (Issue and Listing of Debt) Regulations, 2008 and SEBI (Issue and Listing of Non-Convertible Securities), Regulations 2021.
Capital Markets
Debt Capital Markets
Advised Crompton Greaves Consumer Electricals on its acquisition of Butterfly Gandhimati Appliances Limited.
Advised Sterling and Silson Solar Limited on its Open Offer.
Advised the Lead Managers in the Rights Issue of Reliance Industries Limited.
Advised the Bank of Baroda in its Qualified Institutions Placement.
Advised Tata Consultancy Services in its first billion-dollar IPO (first conditional IPO).
Advised the Lead Managers in the Initial Private placement of units of Intelligent Supply Chain Infrastructure Trust.
Advised JSW Infrastructure Limited in its Initial Public Offer.
Advised the Lead Managers on initial offering of units.
Advised DOMS Industries Limited in its Initial Public Offer.
- Recommended Lawyer - Capital Markets by Legal 500
- Highly Regarded Lawyer - Capital Markets by IFLR 1000
