Netweb Technologies India Limited has successfully completed a Qualified Institutions Placement (QIP) amounting to approximately ₹1,200 crore. The prestigious law firm Khaitan & Co played a pivotal role in advising both Netweb Technologies and the Book Running Lead Managers, which include IIFL Capital Services Limited, CLSA India Private Limited, and Resurgent India Limited, throughout this significant financial transaction.
The team at Khaitan & Co consisted of prominent legal professionals who brought their expertise to the forefront. The team was led by Oishik Bagchi and Dipen Chatterjee, both partners at the firm, with support from Senior Associate Mainak Pal and Associates Ayesha Khosla, Harshit Singh, and Ahana Mukherjee. Their collective efforts ensured a seamless execution of the QIP, reinforcing their reputation in handling complex financial transactions.
In addition, Hogan Lovells Cadwalader served as International Counsel for the lead managers in this venture. The international legal team was spearheaded by Biswajit Chatterjee, who is the Head of the India Practice and Managing Partner of the Dubai Office at Hogan Lovells. His leadership was instrumental in navigating the legal intricacies of this international placement.
Netweb Technologies is renowned for its high-end computing solutions, boasting fully integrated design and manufacturing capabilities. The company’s portfolio includes High-Performance Computing (HPC), private cloud solutions, Hyper-Converged Infrastructure (HCI), Artificial Intelligence (AI) systems, enterprise workstations, high-performance storage, and data center servers. This strategic QIP is poised to bolster their capabilities and market presence further.
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