Biswajit Chatterjee co-chairs our India Practice and leads the Capital Markets team in South East Asia. He is New York and India qualified and has extensive experience in corporate finance, capital markets, private equity and M&A transactions in Asia Pacific with a particular focus on India and South East Asia.

    He has represented issuers and investment banks in a wide range of corporate finance transactions, including some of the largest equity and debt offerings in India and South East Asia: US$3.4 billion IPO by Coal India, the US$1.2 billion follow-on offering by Power Finance Corporation and the US$4 billion MTN program of the Government of Indonesia. More recently, he has advised on a number of IPOs in India, including the US$340 million IPO of Equitas Finance (2nd largest IPO in India since 2012), and the IPOs of Varun Beverages Limited (largest PepsiCo franchisee globally excluding the US), Quess Corp (highest ever oversubscribed IPO in India – 147 times), Infibeam (first ecommerce company IPO in India) and Prabhat Dairy (first dairy company IPO in India).

    Bis has worked on complex, multijurisdictional private and public transactions, equity and debt deals, SEC registered, Rule 144A and Reg S offerings, private placements, ADRs and GDRs, MTN programs, FCCBs and high yield bond deals across a range of industries, including technology and e-commerce, infrastructure, engineering and construction, oil and gas, green energy, financial institutions, mining, real estate, retail and logistics.

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    Capital Markets

    • Advising UBS, Citigroup, ICICI Securities, Kotak Mahindra and SBI Capital on the US$1.2 billion follow-on public offering by Power Grid Corporation. This was one of the largest equity offerings in India in 2013.
    • Advising the government of India and Power Finance Corporation on its US$1.2 billion follow-on public offering managed by Bank of America Merrill Lynch, Goldman Sachs, ICICI Securities and JM Financial. Awarded Equity Capital Markets Deal of the Year 2012 by IFLR.
    • Advising the government of India and Coal India Limited, the world’s largest coal miner, on the company’s US$3.4 billion IPO, the largest ever IPO in India and the third largest IPO in the world in 2010. The transaction was managed by Citigroup, Morgan Stanley, Deutsche Bank, Bank of America Merrill Lynch, Kotak Mahindra Capital Company Limited and Enam Securities Private Limited, and was awarded Deal of the Year 2010 by Asian Counsel Magazine and Capital Markets Deal of the Year by India Business Law Journal Awards in 2010.
    • Advising the Republic of Indonesia on the establishment of its US$4 billion global medium term note program. Advising the Republic of Indonesia on the offering of its US$1 billion fixed rate notes due 2014 and US$2.0 billion fixed rate notes due 2019 arranged by Barclays and UBS. The transaction was awarded the Debt Market Deal of the Year for 2010 by ALB SE Asia Law Awards.
    • Advising Rolta India Limited on its US$200 million guaranteed senior note offering managed by Barclays, Citigroup, Duetsche Bank and DBS Bank.
    • Advising the government of India on the US$1.8 billion follow-on public offering by Oil and Natural Gas Corporation Limited, India’s largest oil and gas exploration and production company, managed by Citigroup, Morgan Stanley, Nomura, Bank of America Merrill Lynch, HSBC and JM Financial.
    • Advising JP Morgan, Edelweiss and IDBI Capital on the US$223.0 million initial public offering by Manganese Ore India Limited, a government of India disinvestment transaction of India’s largest manganese ore company.
    • Advising the government of India and Engineers India Limited on its US$90 million follow-on offering managed by ICICI Securities, IDFC and Kotak Mahindra.
    • Advising SBI Capital Markets, Kotak Mahindra and IDBI Capital Markets on the US$111.5 million Rule 144A initial public offering of PC Jewellers.
    • Advising Citigroup, ICICI Securities, Enam Securities and Equirus Capital on the proposed US$300 million Rule 144A initial public offering by one of the largest waste management companies in India.
    • Advising JP Morgan, SBI Capital and Enam Securities on the US$300 million initial public offering by one of the largest power and steel companies in India.
    • Advising Deutsche Bank, Jefferies, SBI Capital and Kotak Mahindra on the US$150 million initial public offering by one of the largest ecommerce companies in India.
    • Advising JP Morgan and Elara Capital on the proposed US$200 million convertible bond offering by a leading healthcare company in India.
    • Advising Axis Capital on the proposed US$70 million initial public offering by a power utility engineering company in India.
    • Advising the government of India in the US$215.0 million follow-on public offering by Engineers India Limited, managed by HSBC Securities, ICICI Securities and IDFC Capital.
    • Advising Citigroup and IDFC Capital on the US$140 million equity offering by Punj Lloyd Limited.
    • Advising CLSA and JM Financial on the $102 million equity offering by HCL Infosystems.
    • Advising Citigroup on the US$150 million equity offering by Aban Offshore Limited.
    • Advising Citigroup, Bank of America Merrill Lynch and IDFC Capital on the US$125 million equity offering by Shriram Transport Finance Company.
    • Advising Edelweiss Capital on the US$102.0 million equity offering by Usha Martin Limited.
    • Advising Deutsche Bank and Kotak Investment Bank on the US$250 million initial public offering by IRB Infrastructure Developers, an infrastructure company in India.
    • Advising ICICI Securities and Motilal Oswal on US$30 million qualified institutional placement by Dhanalaxmi Bank.
    • Advising Elara Capital on the US$300 million proposed convertible bond offering by Gitanjali Gems.
    • Advising Deutsche Equities, HSBC Securities, J.P. Morgan and other underwriters on the proposed follow-on public offering by Steel Authority of India Limited, a government of India disinvestment transaction of India’s largest steel manufacturing company.
    • Advising Citigroup, JM Financial, Nomura and Edelweiss Capital on the proposed initial public offering by Micromax Informatics Limited, India’s largest domestic designer and seller of mobile handsets.
    • Advising IDFC Capital Limited, Bank of America Merrill Lynch, Enam Securities Private Limited, ICICI Securities Limited and SBI Capital Markets Limited on the initial public offering by A2Z Maintenance and Engineering Services.
    • Advising SBI Capital, JM Financial, ICICI Securities, Almondz Capital and Avendus Capital in the US$97 million initial public offering by PTC Financial Services Company.
    • Advising Edelweiss Capital Limited on the proposed initial public offering of equity shares by YOU Broadband and Cable India Limited.
    • Advising IDFC Capital on the US$50 million equity offering by Ansal Properties and Infrastructure Limited.
    • Advising ICICI Securities, Kotak Mahindra Capital and HDFC Bank on the US$165 million initial public offering by Muthoot Finance Limited, a leading gold finance company.
    • Advising Enam Securities Private Limited, Antique Capital Markets Private Limited and Equirus Capital Private Limited on the US$90 million initial public offering by TD Power Systems Limited.
    • Advising CLSA on the US$265 million equity offering by Max India (in the life insurance, healthcare and other businesses).
    • Advising Deutsche Bank, Kotak Mahindra Capital and IDFC Capital in the US$65 million equity offering by Centurion Bank of Punjab.
    • Advising Merrill Lynch, Citigroup, Kotak Investment Bank and ICICI Securities in the US$160 million initial public offering by Punj Lloyd, an engineering construction company.
    • Advising Merrill Lynch, Citigroup, UBS, Deutsche Bank, HSBC and Kotak Mahindra in the US$435 million initial public offering by Jet Airways.
    • Advising Deutsche Bank on a US$100 million convertible bond offering by Hotel Leelaventure Limited listed on the Singapore Stock Exchange.
    • Advising Lehman Brothers, Citigroup and Kotak Mahindra Capital on the US$150 million initial public offering by Edelweiss Capital Limited.
    • Advising Morgan Stanley, Merrill Lynch and J. P. Morgan in the initial public offering by TCS.
    • Advising Citigroup on the US$125 million convertible bond offering by Punj Lloyd Limited.
    • Advising Goldman Sachs, Merrill Lynch, ABN AMRO, Jefferies and Macquarie Bank on the US$140 million ADR offering and NYSE listing by Patni Computer Systems.
    • Advising as international counsel to the lead managers on the proposed initial public offering of equity shares by a leading Mumbai-based real estate developer.
    • Advising as international counsel to the lead managers on the proposed initial public offering of equity shares by a leading Delhi-based power company.
    • Advising Deutsche Bank and ABN AMRO Bank on the US$115 million convertible bond offering by Bharti Tele-Ventures listed on the Singapore Stock Exchange.
    • Advising Dubai Bank and ICICI Securities on the US$35 million GDR offering and Dubai International Financial Exchange listing by Man Industries, a steel pipes company. This was the first listing by an Indian company on the DIFX.
    • Advising Deutsche Bank on the US$125 million convertible bond offering and Singapore Stock Exchange Listing by Tata Teleservices.
    • Advising Citigroup and ICICI Securities in the US$65 million GDR offering and Luxembourg Stock Exchange listing by Jindal Saw, an energy industry steel pipes company.
    • Advising Morgan Stanley in the US$50 million convertible bond offering and Singapore Stock Exchange listing by Jindal Stainless, a steel company.
    • Advising as international counsel to the lead managers on the offering of equity shares by a Mumbai-based infrastructure development company.
    • Advising as international counsel to the lead managers on the combined offering of equity shares and foreign currency convertible bonds (FCCBs) by an offshore services company.
    • Advising as international counsel to the lead managers on the offering of equity shares by a Gurgaon-based IT training and education company.
    • Advising as international counsel to the lead manager on the offering of foreign currency convertible bonds by a Mumbai-based pharmaceutical company.
    • Advising Morgan Stanley, Merrill Lynch and JP Morgan in the US$1.2 billion initial public offering of Tata Consultancy Services.
    • Advising Morgan Stanley and ICICI Securities in the US$70 million follow-on offering by Jindal Poly Films, a flexible packaging films company.
    • Advising Citibank on the US$60 million convertible bond offering by Everest Kanto Private Limited, a cylinder manufacturing company, listed on the Singapore Stock Exchange.
    • Advising ICICI Securities in the US$65 million initial public offering by Gitanjali Gems, a jewellery company.
    • Advising Merrill Lynch in the US$60 million convertible bond offering and Singapore Stock Exchange listing by Monnet Ispat, a steel company.
    • Advising Merrill Lynch in the US$75 million GDR offering and London Stock Exchange listing by Amtek Auto, an auto ancillary company.
    • Advising as international counsel to the lead managers on the proposed initial public offering of equity shares by a Gurgaon-based real estate developer.
    • Advising as international counsel to the lead managers on the proposed initial public offering of equity shares by an energy company in Uttar Pradesh.
    • Advising as international counsel to the lead managers on the proposed initial public offering of equity shares by a jewellery company.
    • Advising as international counsel to the lead managers on the offering of equity shares by a leading Mumbai-based technology company.
    • Advising Merrill Lynch in the US$65 million initial public offering by JK Cements, a cement company.
    • Advising a jewellery company on its proposed initial public offering and listing on the DIFX.
    • Advising Merrill Lynch, J P Morgan and Kotak Investment Bank in the proposed initial public offering by a petrochemicals company.
    • Advising a commercial bank on its proposed GDR offering and Luxembourg Stock Exchange listing managed by Citigroup and Deutsche Bank.
    • Advising the underwriters on the proposed initial public offering by an Indian sports rights management and media company.
    • Advising one of the largest telecom companies in India on its proposed ADR offering and NYSE listing managed by Deutsche Bank, Merrill Lynch and UBS.
    • Advising a European specialty chemical major in connection with its securities law dispute with the Securities and Exchange Board of India.

    Mergers & Acquisitions, Private Equity & General Corporate

    • Advising an Indian IT-enabled services company on the acquisition of engineering and design services company based in the US.
    • Advising an Indian IT-enabled services company on the acquisition of an ITes company in France with operations across Europe, US and Australia.
    • Advising a Singapore headquartered group on acquisition of a healthcare business in Singapore and India.
    • Advising a private equity fund on investments in Indonesia and India.
    • Advising Jindal Polyfilms on its US$230 million acquisition of the films division of Exxon Mobil with operations in the US, Belgium, Netherlands, Luxembourg, Italy, Singapore and Hong Kong.
    • Advising Wipro Unza Limited on its US$144 million pan-Asian acquisition of L.D. Waxsons group with operations in Singapore, China, Thailand, Taiwan, Hong Kong and Malaysia.
    • Advising Dusit International on the expansion of its operations in Singapore through a joint venture with Laguna Hospitality.
    • Advising Bureau Veritas, the French multinational company, on its cross-border acquisition of Mumbai-based Sievert Group, which involved India, the UAE, Qatar, Oman, Saudi Arabia and Singapore.
    • Advising Infosys on a proposed pan-European acquisition (deal size approximately US$200 million).
    • Advising the PCM Group on the US$60 million acquisition of RAIL.ONE GmbH, involving seven jurisdictions in Europe and Middle East.
    • Advising the Manipal Group on its US$70 million acquisition and investment in the healthcare sector in Malaysia, including acquisition of a hospital in Malaysia.
    • Advising Tata Power on its joint venture with Clean Energy Invest AS and IFC InfraVentures for developing hydro projects in Georgia.
    • Advising HCL Infosystems Limited on the acquisition of a minority stake in a telecom distributor in the UAE.
    • Advising Apex Tool Group on a global corporate restructuring exercise involving its Singapore subsidiary.
    • Advising the Decathlon group (a major global French sporting goods retail operator) on a proposed establishment and management of a joint venture company for construction and development of real estate in India.
    • Advising Mako Surgical Corp. on a pan-India international distribution arrangement with Vattikuti Foundation.
    • Advising Mindtree Limited on a multijurisdictional miscellaneous statutory compliance tool kit.
    • Advising Wipro, Infosys, Mindtree, InMobi, Cleartrip, Onmobile, Infibeam and several other technology companies on corporate, commercial and IP issues in various jurisdictions.
    • Advising a large manufacturer and supplier of military equipment in Poland and in Central, Eastern Europe on contractual compliance issues in India.
    • Advising an Asian conglomerate in connection with the acquisition of a telecom company in India, through a share swap and related foreign investment approvals.
    • Advising a Korean conglomerate in the acquisition of its Indian-listed subsidiary, involving a public offer in India.
    • Advising a telecom multinational in the sale of its telecommunications business in India and related debt restructuring.
    • Advising a paints manufacturing multinational in connection with the restructuring of its joint venture in India.
    • Advising a private equity fund in the GCC region in its investment in a GCC oil and gas company.
    • Advising an Asian conglomerate in connection with the pre-IPO restructuring of its Indian operations and appropriate foreign investment approvals.
    • Advising a south Asian commercial bank in the proposed investment by a US private equity fund.
    • Advising a pharmaceutical multinational in the sale of its majority interest in its listed subsidiary in India, involving a public offer in India.
    • Advising an automotive parts manufacturing multinational on the strategic sale of its brakes business and the reorganization of its operations.
    • Advising an Indian telecom company in connection with its offshore and onshore syndicated loan refinancing and related restructuring.
    • Advising a UAE consortium in its bid for the privatization of a North African commercial bank.
    • Advising a tanker company in its acquisitions in the GCC region.
    • Advising a multinational telecom equipment manufacturer in connection with its telecom equipment supply arrangements in India.
    • Advising an automotive parts manufacturing multinational on the sale of its restructured diesel fuel injector business and on the reorganization and strategic divestiture of its Indian operations.
    • Advising an industrial cleaning solutions multinational in connection with various acquisitions in India.
    • Advising a pharmaceutical multinational in connection with the acquisition of the pharmaceutical business of another company in India, involving a public offer.
    • Advising a telecom multinational in its vendor financing to an Indian telecom company, and related LCIA arbitration proceedings.
    • Advising a media and publication multinational in connection with the restructuring of its operations in India, the licensing of publication rights and in the establishment of its books and music recording businesses in India.
    • Advising a global healthcare products company in connection with its distributorship arrangements in India and the establishment of its Indian subsidiary for its healthcare and sterilization products.

    Anticorruption

    • Advising various US firms pursuing business opportunities in India on compliance with US Foreign Corrupt Practices Act (FCPA), including advising on liability issues, risks and compliance challenges.
    • Advising clients on compliance with provisions of India’s principal anticorruption legislation, the Prevention of Corruption Act (PCA).
    • Currently advising a global technology company in connection with the alleged violation by its employees of the anticorruption laws in India.
    • Routinely involved in anticorruption diligence exercises as part of global M&A practice and for various issuers in capital market offerings.

    Antitrust

    • Regularly advising various clients on thresholds under the Competition Act, 2002 that mandate merger filing with the Competition Commission of India.
    • Assisted local counsel on a number of merger filings with the Competition Commission of India.

    Education

    • University of Michigan, LL.M., 1998
    • National Law School of India University, B.A., 1997

    Admissions

    • New York
    • India
    • Recommended in The Legal 500 Asia Pacific 2018 in Capital markets - Foreign firms, Singapore
    • Recommended in The Legal 500 Asia Pacific 2017 in Capital Markets - Foreign firms, Singapore.
    • Recommended in Chambers Global 2016 Edition for Capital Markets in India and Singapore.
    • Recognized as a leading capital markets and corporate lawyer by Chambers Global, Chambers Asia Pacific, IFLR, The Legal 500 and other legal directories.
    • Recognized in Chambers Global 2015 as a leading international expert on Capital Markets, India (Expert based abroad) and Singapore.

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