White & Case advises on LG Electronics India’s record-breaking US$1.3 billion IPO

Global law firm White & Case LLP has advised the book running lead managers on the US$1.3 billion Rule 144A Initial Public Offering (IPO) of LG Electronics India Limited (LG Electronics India) on the Bombay Stock Exchange and the National Stock Exchange of India.

"This landmark IPO, which is the most subscribed IPO by value in India's history for offerings worth INR 10,000 crore (US$1.2 billion) and up, underscores the continued attractiveness of India's equity market which remains one of the most active globally for fundraising," said White & Case partner Rahul Guptan. "With the successful listing of LG Electronics India, we are pleased to have advised another Indian subsidiary of a leading global conglomerate, complementing our recent work on the Indian IPOs of Hyundai Motor India Limited, Niva Bupa Health Insurance Company Limited and Carraro India Limited."

The book running lead managers were Citigroup Global Markets India Private Limited, Axis Capital Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited and BofA Securities India Limited.

LG Electronics India is a leading player in the home appliances and consumer electronics market in India. The company operates two significant manufacturing facilities in Noida and Pune, and boasts an extensive sales and service network spanning thousands of distributors, dealers and service centres across India. The company has announced plans to broaden its manufacturing presence with a third facility in Andhra Pradesh, targeting both domestic sales and exports.

The White & Case team which advised on the transaction was co-led by partners Rahul Guptan (London) and Kaya Proudian (Singapore) and included partners Dongho Lee (Seoul) and Steven Gee (New York), local partner James Hsiao (Hong Kong) and associates Ji Yang Lim, Stephanie Zhao (both Singapore), Yuning Zhou, Royston Tan (both Hong Kong), Daniel Park (New York) and Yoon Choi (Seoul).

Press contact
For more information please speak to your local media contact.