LG helps investors Aim for Bollywood
02 July 2007
The Indian Film Company Limited ("the Company") – a new film fund backed by Indian media mogul Raghav Bahl – has floated on AIM, raising £55m. The Company intends to make investments in both Indian films and in films primarily targeting the Indian audience.
LG, the London-based business law firm, advised the Company's nominated adviser, Grant Thornton Corporate Finance, and its joint brokers Oriel Securities Limited and Elara Capital Plc. LG corporate partner Tim Casben led the team advising them along with corporate lawyer Rebecca Gordon.
On the float, Tim commented: "This is an exciting deal that gives most investors their first bite at the lucrative Bollywood industry."
He added: "There's no question that AIM is delivering great results for international companies. We do a high level of work in this area - LG was recently named as the top legal AIM adviser by both the market capitalisation and profit of its clients – and several of our most successful clients on the market have been international."
The deal marks the fifth AIM float of Indian-focussed companies on which LG has advised. In addition to it's dedicated focus on the Indian market, LG has particular expertise advising fund structures listing on AIM – last year alone, it acted on issues that raised approximately £1 billion and so far this year on issues raising approximately £785 million.
Note to editors
LG is a business law firm, advising clients around the world. It has advised on over 200 AIM transactions, helping clients to raise over £2 billion in new funds.
According to research by Hemscott, the international provider of high quality business & financial data, LG is ranked as the top legal adviser to AIM companies according to AIM client market capitalisation as well as profits.
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Tim Casben
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