UTI Asset Management’s Initial Public Offering


Cravath acted as international counsel in connection with the offering.

UTI Asset Management Company Limited completed its INR 21.6 billion 144A/Reg. S initial public offering. The shares were listed on the National Stock Exchange of India Limited and on BSE Limited. The transaction closed on October 8, 2020.

UTI Asset Management Company Limited is the second largest asset management company in India by total assets under management as of June 30, 2020.

The Cravath team included partner Philip J. Boeckman (Picture) and associates Timothy J. Leung, Marc Bode and Osvaldo Galeano on capital markets matters, and partners Christopher K. Fargo and Kara L. Mungovan and associates Peter W. Rogers and Kiran Sheffrin on tax matters. Brittany A. Milano also worked on tax matters.

Involved fees earner: Marc Bode – Cravath Swaine & Moore; Philip Boeckman – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Osvaldo Galeano – Cravath Swaine & Moore; Timothy J. Leung – Cravath Swaine & Moore; Brittany Milano – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Peter Rogers – Cravath Swaine & Moore; Kiran Sheffrin – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: UTI Asset Management Company Ltd;