Managing partner Shardul Shroff led the firm’s team in providing assistance in relation to due diligence and disclosure of the prospectus on Eros’ operations, as well as advising on various Indian law issues in relation to the $55 million deal.
Eros, which is a major force in the production, acquisition and distribution of films in Hindi and other Indian languages, is the first Indian media company to be listed on the NYSE. Gibson Dunn & Crutcher advised Eros on US federal law and New York state law, and Cains advised on the laws of the Isle of Man.
Scott Cutler, executive vice president and head of global listings at NYSE Euronext, said: “Eros International is an excellent addition to the NYSE’s community of leading global companies and underscores the NYSE’s position as the exchange of choice for international listings and the growing trend of international companies raising capital in the US Markets. We congratulate Eros International on its IPO and look forward to a long-standing partnership.”
Eros CEO and managing director Jyoti Deshpande added that the listing “reflects not only our leadership position within the rapidly growing Indian entertainment sector but also our ability to capitalise on the popularity of Indian film content by creating and distributing this content across multiple platforms including traditional as well as emerging new media technologies globally”.
Deutsche Bank, Bank of America Merrill Lynch, UBS Investment Bank, Jeffries, Credit Suisse and EM Securities acted as underwriters to the deal, which closed yesterday.
Counsel to Eros
Amarchand & Mangaldas & Suresh A Shroff & Co
Managing partner Shardul Shroff, partner Prashant Gupta, principal associate Monal Mukherjee and associates Riddhi Shah and Shraddha Krishnan
Gibson Dunn & Crutcher
Partners Ruth Fisher, Peter Wardle and Candice Choh, and associates Jamie Gowell, Vincent Byrd and Arthur Chan.
Director Mike Edwards and associate Stephanie Chew
Counsel to the underwriters
Sandip Bhagat, Bhakta Patnaik, Jabarati Chandra, Suchita Ambadipudi and Ananya Bhattacharya
O’Melveny & Myers