Deal Corner
January 01, 2009
Orbit Corporation Limited raised an approximate amount of INR 1,450 million

DEAL BRIEF

Orbit Corporation Limited ("Orbit") raised an approximate amount of INR 1,450 million (approximately US$ 30 million) by way of issuance of equity shares to certain qualified institutional buyers through the qualified institutions placement route ("QIP Issue"). Orbit is a listed company primarily involved in the development of real estate projects in the Mumbai Metropolitan Region. Kotak Mahindra Capital Company Limited, Macquarie Capital Advisers (India) Private Limited and Edelweiss Capital Limited acted as the global coordinators and book running lead managers to the QIP Issue.

OUR ROLE

We, at Nishith Desai Associates, acted as the domestic legal counsel to the QIP Issue.

Disclaimer

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Deal Corner

January 01, 2009

Orbit Corporation Limited raised an approximate amount of INR 1,450 million

DEAL BRIEF

Orbit Corporation Limited ("Orbit") raised an approximate amount of INR 1,450 million (approximately US$ 30 million) by way of issuance of equity shares to certain qualified institutional buyers through the qualified institutions placement route ("QIP Issue"). Orbit is a listed company primarily involved in the development of real estate projects in the Mumbai Metropolitan Region. Kotak Mahindra Capital Company Limited, Macquarie Capital Advisers (India) Private Limited and Edelweiss Capital Limited acted as the global coordinators and book running lead managers to the QIP Issue.

OUR ROLE

We, at Nishith Desai Associates, acted as the domestic legal counsel to the QIP Issue.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.