FOREIGN LAW FIRMS

Cleary Gottlieb Steen and Hamilton

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PROFILE

  • Size of India Practice:

  • 8

  • Tie-Up Indian Law Firm:

  • No formal arrangement

  • Clients:

  • Tata Steel, Reliance Power, Wockhardt, ONGC Mittal Energy, Fortress,Matrix Laboratories, Nortel Networks, Atlantic Tele Network

RSG COMMENT

  • An early mover, the firm established an India practice when India's economy liberalised in 1991. Most India related work is handled by the London and Hong Kong offices.

RECENT INDIA ACTIVITY:

Reliance Power IPO

Cleary Gottlieb represented the underwriters, led by Kotak Mahindra Capital Company and UBS Securities India, in an initial public offering by Reliance Power Limited of 260 million equity shares listed on the Bombay Stock Exchange and the National Stock Exchange of India. The $2.93 billion offering was the largest IPO in Indian history. The transaction closed on February 1 2008. 

Tata Steel GDR offering

Represented Tata Steel in 2009 in connection with its offering of 65,410,589 global depository receipts (GDRs), raising approximately US$500 million. The offering was also accompanied by the listing of the company's GDRs on the London Stock Exchange.