Cases & Deals

IDFC Capital, Deutsche Equities, and Elara Capital complete INR 2,711.42 million and concurrent Section 4(2) and Regulation S offering by DEN Networks Limited

Clients IDFC Capital, Deutsche Equities, and Elara Capital

Jones Day advised IDFC Capital, Deutsche Equities, and Elara Capital in connection with the INR 2,711.42 million (US$50 million) of Equity Shares in a qualified institutions placement and concurrent Section 4(2) and Regulation S offering by DEN Networks Limited, a leading cable TV distribution and broadband internet company in India. The qualified institutions placement was part of a US$160 million capital raising exercise, which also consisted of a preferential allotment of Equity Shares to two Singapore based investors in a private placement.