Cadwalader successfully acted as international counsel in relation to Dilip Buildcon Limited’s US$100 million initial public offering of shares listed on the National Stock Exchange and Bombay Stock Exchange of India. Book running lead managers were Axis Capital Limited, IIFL Holdings Limited, JM Financial Institutional Securities Limited and PNB Investment Services Limited. The listing and commencement of trading occurred on 11 August 2016.

Dilip Buildcon Limited is a leading private sector road-focused EPC (Engineering, Procurement, and Construction) contractor in India. The IPO was one of the most successful IPOs in India so far this year, being subscribed over 22 times.

The Cadwalader team was led by capital markets partner Jeffrey Maddox, and included associates Eugene Gu and Anny Cheng, all based in Hong Kong.

Cadwalader has been advising clients in Asia for over a decade, providing premier legal services to leading global financial institutions and multinational companies doing business in Asia. Cadwalader also serves Asia-based entities in their international business activities and investments into the United States and throughout the world. Cadwalader’s Hong Kong team has worked together for the past 25 years, advising on some of the most complex transactions in the region.