Nabarro is advising Cenkos Securities plc as nominated adviser and broker on the £37.6m placing and open offer by AIM-listed Indian ports developer, SKIL Ports and Logistics Limited. The proceeds of the placing and open offer will be used by SKIL Ports and Logistics to complete the development of its major port project at Navi Mumbai and bring the port to operational status.

The Nabarro team was led by Corporate partner and Head of India Group, Alasdair Steele, who was assisted by senior associate Sarah Etherington. DWF is advising SKIL Ports and Logistics.

Commenting on the transaction, partner Alasdair Steele said:

"Despite market appetite for new fundraisings waning recently, we are pleased to be involved with this successful raise which demonstrates that investors are prepared to continue backing overseas AIM-listed companies. As a major economy returning over 7% annual GDP growth, India remains a real interest for investors and a geography to which we continue to devote significant attention."