Bharti Hexacom is a subsidiary of Bharti Airtel, which is the second largest mobile operator in India in terms of number of customers, and one of the largest globally with over 500 million customers in 17 countries across South Asia and Africa. The IPO was oversubscribed approximately 30 times and the shares listed at a 32.4% premium.

The Hogan Lovells team was led by India practice co-head and Singapore office managing partner Biswajit Chatterjee with support from Varun Jetly, Kaustubh George, Suchisubhra Sarkar, Utkarsh Mishra and Aditya Rajput, all based in Singapore, as well as partner Nancy D. O’Neil, based in Baltimore and Washington D.C.

Hogan Lovells has been ranked No.1 by deal volume and deal value for 2023 India Equity and Rights Offering (Managers) by Bloomberg in 2024, and has also been ranked as a key player among foreign law firms involved in India work by India Business Law Journal 2023.

About Hogan Lovells Equity Capital Markets practice

Our equity capital markets teams globally work together to provide integrated advice on complex and time-sensitive cross-border transactions. Our vast experience in all types of legal, financial, regulatory, tax, and corporate governance issues makes us uniquely qualified to assist foreign private issuers, U.S. issuers, and their underwriters as those companies embark on their IPOs and make the transition to public ownership.

In the Asia-Pacific region, we provide substantial experience on equity and capital markets transactions, from IPOs, dual listings, share placements, rights issues, to convertible notes, and other securities.