January 29 2015 • Four Seasons, Mumbai

Benefits of attending:

n Find out how to use new structures for Indian capital market deals

n Learn how to quickly issue a QIP while avoiding pitfalls

n Hear analysis on developments in disclosure and due diligence obligations

n Listen to case studies with looser covenant packages in high yield deals

n Discover international debt and equity-linked trends for your business

n Discuss the future of ADRs and GDRs as a truly viable option for Indian corporates

A market update for in-house counsel and their advisers

FREE to attend

for in-house counsel

India Capital Markets Forum 2015

Sponsored by

To register, or for more information:Visit: www.iflr.com/indiaCM15 Email: emerald.mou@euromoneyasia.com Call: +852 2842 6980

Media partners

India Capital Markets ForumJanuary 29 2015 n Four Seasons, Mumbai

IntroductIon

Access to the capital markets by Indian corporates received the shot in the arm it needed earlier this year in the post-

election optimism which swept the country. Appetite for new paper is up, corporates are increasingly tapping high

yield markets and equity markets are at levels unseen in the last couple of years (domestically, at least).

However, not everyone is convinced that the euphoria will last. the new government still needs to give clarity on the

ways it will guide legislation and regulation. changes to withholding tax and a hint towards a review of the Vodafone

decision have given good indications, but the grittier detail on larger issues is still awaited.

the IFLr India capital Markets Forum 2015 brings together key regulators with leading practitioners from banks,

corporates and top international and local law firms to discuss the vital issues for raising capital in 2014 in a panel

session format. they will also discuss opinions on where government policy is heading.

the forum will discuss the best ways to raise capital in India, the ideal preparations for floating a company, how to

access debt markets with high yield instruments and will provide a comparison of the best methods of raising debt.

reserve your place today.

To register, or for more information: Visit: www.iflr.com/indiacM15 Email: emerald.mou@euromoneyasia.com Call: +852 2842 6980

Who should attend:

n Bankers’ counsel

n Corporate counsel

n Investment bankers

n Regulators

n Law firms

ProGrAMME

India Capital Markets ForumJanuary 29 2015 n Four Seasons, Mumbai

To register, or for more information: Visit: www.iflr.com/indiacM15 Email: emerald.mou@euromoneyasia.com Call: +852 2842 6980

08.45 Registration

09.25 Chair’s opening remarks: Ashley Lee, IFLR

09.30 India securities market outlook n An assessment of Indian capital markets in the past year: How have

the markets changed post elections? n Regulatory updates from Sebi, RBI and Government of India n New structures for capital markets deals in India n What does the government need to do to kick-start long term capital

markets growth? n What are the trends and outlook for Indian capital markets in 2015?

Mohit Saraf, senior partner, Luthra & Luthra (chair) Sanjay Sharma, managing director, equity capital markets, Deutsche

Bank Vinay Menon, executive director, JP Morgan Ramesh Srinivasan, joint managing director, Kotak Mahindra Capital Manan Lahoty, partner, Luthra & Luthra

10.30 Coffee and networking

11.00 Indian and international debt and equity- linked offerings n International debt and equity-linked transaction trends n The decision between international and local debt for your company n The impact of raising ODI limits to 400% on the guaranteed bond

markets. Will it lead to more onshore debt? n How the reduction in withholding tax will create more debt offering

from onshore n Hybrid capital developments

Kevin Wong, managing partner, Singapore, Linklaters (chair) Raghav Sud, head, financing strategy, Tata Steel Aloke Gupte, head, equity-linked origination, Asia-Pacific, JP Morgan Rahul Chawla, managing director, head of structured finance trading &

structuring, Deutsche Bank Jyotirmoy Banerjee, assistant general counsel, Bank of America

Merrill Lynch Pallavi Gopinath Aney, managing associate, Linklaters

12.00 Tapping the equity markets at home n How to quickly issue a QIP, but be wary of the risks of not waiting for

lender approval n IPO structures for domestic listings and how to incorporate Reg S or

144a elements n The best way to ensure a successful block trade deal n How the new Companies Act has bolstered corporate governance

standards

Sudhir Bassi, executive director, Khaitan & Co (chair) Ruetveij Pandya, executive director and assistant general counsel,

JP Morgan Sumit Jalan, head, India capital markets, Credit Suisse Ajay Vaidya, chief legal & compliance director, Kotak Mahindra Capital Abhimanyu Bhattacharya, partner, Khaitan & Co

13.00 Lunch and networking

14.00 Considerations for raising equity abroad n What features of a company make it better suited to listing abroad

rather than domestically? n Planning the listing so that the launch is at an optimum time n When will ADRs and GDRs become a truly viable option for Indian

corporates? n How to work with US legislative demands (Jobs Act, SEC process) n Working out which accounting regime is best for your listing

Varoon Chandra, partner, AZB & Partners (chair) Ajay Vaidya, chief legal & compliance director, Kotak Mahindra Capital Neil Atkinson, head, depositary receipts, Asia Pacific, BNY Mellon Padmaja Chakravarty, director and deputy general counsel, Citigroup Madhurima Mukherjee, partner, AZB & Partners

15.00 Coffee and networking

15.30 High yield boost: When will India find its standard practice? n Are looser covenant packages only open to the strongest high yield

issuers (like Tata Steel) n Will Greenko’s technique of using a loan instead of equity become a

trend? n How close is India to finding a reliable standard practice, which is

internationally accepted? n Testing the usage of NCDs to see what happens to money leaving

India in an enforcement situation n If NCDs are used more, who can hold them? What are the onshore

securities?

Ashok Lalwani, head, Asia Pacific capital markets group and global India practice, Baker & McKenzie (chair)

Ranju Parambi, executive director, UBS Muffazel Arsiwalla, vice president, Deutsche Equities India Kyle Pilkington, associate, Baker & McKenzie

16.30 Managing liabilities in India n Disclosure and due diligence obligations – developments within and

outside India n Lessons from Suzlon’s restructuring: the largest FCCB restructuring

to date n Is there now hope for negotiating with offshore bondholders and

onshore lenders? Especially after the concerns post-Wockhardt n Enforcement trends under FCPA and OFAC

Philip Lee, partner, Herbert Smith Freehills (chair) Namita Jain, vice president, investment banking, Barclays Varoon Chandra, partner, AZB & Partners

17.30 Chair’s closing remarks

18.00 Cocktails – sponsored by:

I would like to register for IFLR’s

India Capital Markets ForumJanuary 29 2015

Four Seasons, Mumbai

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