TCNS Clothing Company Private Limited’s $165 Million Initial Public Offering

Sidley represented Kotak Mahindra and Citigroup as underwriters in the issue of US$165 million of equity shares in an initial public offering of TCNS Clothing Company Private Limited (TCNS), pursuant to Section 4(a) and Regulation S.

TCNS is India’s leading women branded apparel company in terms of total number of exclusive brand outlets as of May 2018. TCNS designs, manufactures, markets and retails a wide portfolio of women’s branded apparel across multiple brands. The company in 2027 recorded $118 Million Revenues.

The Singapore-based Sidley team was comprised of partner Manoj Bhargava (Picture), counsel Ankit Kashyap, associates Rishabh Gupta and Felicia Chen, and legal manager Ravina Mahajan, with support from legal assistant Krittika Shah.


Involved fees earner: Manoj Bhargava – Sidley Austin LLP; Ankit Kashyap – Sidley Austin LLP; Rishabh Gupta – Sidley Austin LLP; Felicia Chen – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Citigroup Inc.; Kotak Mahindra Capital Co. Ltd.;



Author: Michael Patrini