Rahul Guptan is a partner in the Firm's capital markets group based in Singapore. Rahul has more than 20 years of experience advising on complex cross-border India related transactions and specialises in securities and corporate law with a special focus on capital markets transactions. He is dual qualified in England and Wales and India.
Rahul regularly advises underwriters and issuers on various equity and debt capital markets offerings pursuant to Rule 144A and Regulation S, including IPOs, qualified institutional placements (QIP), high yield bond and convertible bond issuances, MTN programs, as well as tender offer and share buybacks.
Rahul has a formidable reputation in the India financing market. He is recognized as a leading lawyer for Singapore Capital Markets: International and India Capital Markets: International by Chambers Asia Pacific 2023 and Chambers Global 2023, as well as ranked as a leading individual for Singapore Capital Markets: Foreign firms by Asia Pacific Legal 500 2023 and IFLR1000 2023.
He was included as one of the Singapore Debt & Equity Leading Practitioners in Who's Who Capital Markets Report 2022. He was also included in the International A List 2019-2023 by the India Business Law Journal, as well as being recognized as one of the Singapore's 70 most influential lawyers aged 40 and under by Singapore Business Review 2016.
Rahul's experience* includes advising:
The book running lead managers on the US$235 million 144A IPO of R R Kabel Limited, a leading Indian wire and cable supplier backed by TPG Asia VII SF Pte. Ltd.
The bookrunning lead managers on the US$ 181 million 144A IPO of KFin Technologies Limited, a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and providing several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, Philippines and Hong Kong.
JM Financial Limited, BofA Securities India Limited, CLSA India Private Limited and Kotak Mahindra Capital Company Limited on the US$ 180 million 144A IPO of Campus Activewear Limited, one of the largest sports and athleisure footwear brand in India. The offering was backed by private equity company TPG Growth III SF Pte. Ltd. and QRG Enterprises Limited.
The book running lead managers on the qualified institutions placement of The Federal Bank Limited aggregating to INR 30,399.92 million (approximately US$370 million).
The Carlyle Group's investment entity, CA Swift Investments, as seller, in a block trade of up to 18,404,607 equity shares (with a value of approximately US$75 million) of Delhivery Limited, which is listed on the BSE Limited and National Stock Exchange of India Limited, and is one of the the largest and fastest growing fully integrated logistics player in India.
ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and SBI Capital Markets Limited as the Book Running Lead Managers on the 144A IPO of PayMate India Limited, a leading provider of financial technology solutions.
Anant Investments, an affiliate of The Carlyle Group, as the selling shareholder in its exit through the 144A IPO of Global Health Limited, one of India's largest private multi-speciality tertiary care providers.
The book running lead managers on the 144A IPO of Fedbank Financial Services Limited, a retail focused non-banking finance company.
The underwriters on the 144A/Reg S IPO of Healthium Medtech Limited, an Indian medical technology company backed by APAX Partners. (Aborted)
Blackstone and Embassy Office Parks on the IPO of Embassy Parks REIT. This was the first REIT IPO in India.
The underwriters on the IPO of the Brookfield India Real Estate Trust.
The lead managers on Bandhan Bank Limited's US$687 million IPO and listing on the BSE and NSE. This deal won the Deal of the Year 2018 from India Business Law Journal.
Embassy Parks REIT on a qualified institutional placement (QIP) of units. This was the first REIT qualified institutional placement in India.
The lead managers on Kotak Mahindra Bank's US$993 million qualified institutional placement (QIP) of equity shares.
The joint lead managers on the US$500 million social bond issuance under Shriram Transport Finance's GMTN programme.
The joint lead managers on the US$1 billion senior notes issuance under Export-Import Bank of India's GMTN programme.
* Experience prior to joining White & Case