Ashurst has advised BofA Merrill Lynch, JM Financial, J.P. Morgan, Kotak and Morgan Stanley in connection with the US$450 million Indian IPO of PNB Housing Finance.
PNB Housing Finance is one of India’s largest mortgage lenders and is backed by Punjab National Bank, one of India’s largest banks, and the Carlyle Group.
The housing finance firm has hired Kotak Mahindra Capital Co. Ltd, DSP Merrill Lynch Ltd, JM Financial Institutional Securities Ltd, JP Morgan India Pvt. Ltd and Morgan Stanley India Co. Pvt. Ltd to manage the IPO.
The transaction was led by corporate partner Stuart Rubin (picture) and counsel Ethan Perry. The wider deal team included tax partner David Nirenberg and corporate associate Zak Worrall.
Law Firms: Ashurst;