Allen & Gledhill has advised United Overseas Bank and The Hongkong and Shanghai Banking Corporation Singapore Branch on the S$660 million (US$09m) term loan facility to Asia Mobile Holdings. Partner Lim Wei Ting led the firm’s team in the transaction.
Clifford Chance has acted as New York and US federal securities law counsel to Danantara Investment Management, the investment arm of Indonesia’s sovereign wealth fund Danantara, on its US$1.5 billion debut US dollar bond offering, under Regulation S, Rule 144A and Section 3(c)(7) of the US Investment Company Act of 1940, and on establishing a US$5 billion global medium-term note programme. The offering comprised US$750 million five-year notes, and US$750 million 10-year notes. This is the issuer’s first international bond offering, and marks a milestone in establishing its presence in global capital markets. Proceeds are expected to be used for general corporate purposes, including investments and refinancing existing debt. Partner Gareth Deiner, supported by partners Alan Yeung, Jeffrey LeMaster, Avrohom Gelber and Paul Koppel, led the firm’s team in the transaction.
Clifford Chance has also advised funds managed by Ares Management, Abound Capital, InnoVen Capital and January Capital Growth Credit on a S$100 million (US$77m) debt financing to Silicon Box, a Singapore-based advanced semiconductor packaging and chiplet integration company. Silicon Box will use the proceeds to fund capacity expansion in its next phase of growth, following its recently completed US$150 million Series B2 equity round. The transaction reflects strong continued investor interest in the semiconductor and AI value chain, particularly in advanced packaging technologies, which are increasingly critical to next-generation computing and AI infrastructure. The deal also highlights the growing role of private credit solutions in supporting high-growth technology companies in Asia. Partner Chin Seng Chew, supported by partners Shaun Langhorne, Jamie McLaren and Kabir Singh, with Clifford Chance’s Singapore formal law alliance Cavenagh Law partner Jonathan Lai, led the firm’s team in the transaction.
JSA Advocates & Solicitors has advised one of the institutional selling shareholders on the proposed IPO of equity shares of the National Stock Exchange of India (NSE), comprising of offer for sale of up to 149 million equity shares. NSE is the largest stock exchange in India, in terms of total turnover in cash market and total turnover in equity derivatives (based on notional turnover for equity options) from FY 2011 to FY 2026, and has also been the largest stock exchange in India in terms of total turnover in exchange-traded currency derivatives (based on notional turnover for currency options) from FY 2009 to FY 2026. Partner Arka Mookerjee, supported by partners Pracheta Bhattacharya, Sourav Modi and Vikram Raghani, led the firm’s team in the transaction.
JSA Advocates & Solicitors has also advised RAK Ceramics India on its issuance of senior, secured, rated, listed, redeemable, non-convertible debentures on a private placement basis. Trust Investment Advisors was the arranger to the issue, with First Abu Dhabi Bank and Mashreqbank subscribing to the NCDs as anchor investors. RAK Ceramics India is a wholly-owned subsidiary of RAK Ceramics, one of the largest ceramics brands in the world. The proceeds from the NCDs are to be used for general corporate purposes and certain identified capital expenditure. The firm worked collaboratively with the stakeholders located in multiple jurisdictions, ensuring the timely and precise closure of documentation and all conditions precedent, enabling successful execution of the deal. Partner Anish Mashruwala, supported by partner Srinjoy Bhattacherjee, led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co is acting as lead counsel to Jio Platforms, a material subsidiary of Reliance Industries, on its proposed IPO. Jio Platforms has filed the draft red herring prospectus in connection with the IPO on June 19, 2026 with the Securities and Exchange Board of India and the Indian stock exchanges. Expected to be among the largest public offerings in the history of India’s capital markets, the IPO comprises a fresh issue of up to 270 million equity shares with face value of Rs10.00 (US$0.10) each. The IPO remains subject to receipt of the requisite regulatory approvals, and the issue price shall be determined in accordance with the applicable laws. Partner Nikhil Naredi, supported by partner and capital markets national practice head Prashant Gupta, is leading the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has also acted as domestic counsel to Craftsman Automation on its qualified institutions placement aggregating to approximately Rs20 billion (US$211m). The QIP comprised the issuance of approximately 2.3 million equity shares with face value of Rs5.00 (US$0.05) each at Rs8,700.00 (US$91.81) per equity share. The issue opened on June 15, 2026 and closed on June 18, 2026, with the preliminary placement document and placement document filed with the Indian stock exchanges on June 15, 2026 and June 18, 2026. The transaction witnessed participation from qualified institutional investors, with shares being offered and sold only outside the United States in offshore transactions, as defined in and in reliance on Regulation S under the US Securities Act and the applicable laws of the jurisdictions where such offers and sales were made. This transaction represents Craftsman Automation’s third significant capital markets fundraising exercise, following its IPO in 2021 and an earlier QIP in 2024, underscoring continued investor confidence in the company’s business and growth strategy. Partners Nikhil Naredi and Devi Prasad Patel led the firm’s team in the transaction.
Moreover, Shardul Amarchand Mangaldas & Co has acted as Indian counsel to NextGen Invent and NGI Ventures on their acquisition by Straive, a global Data & AI operationalization solutions provider and a portfolio company of EQT. The transaction involved the acquisition of 100 percent of the equity interests in NextGen Invent and NGI Ventures by Straive. The deal marks a strategic addition to Straive’s capabilities in the rapidly evolving Data & AI ecosystem, and strengthens its ability to deliver enterprise AI solutions across global markets. NextGen Invent is a technology and engineering services company with expertise in AI, data engineering and digital transformation. Through the acquisition, Straive aims to expand its offerings across Generative AI, Agentic AI, cloud modernization and industry-specific AI solutions, while leveraging NextGen Invent’s engineering capabilities to accelerate enterprise AI adoption. Partners Kushal Sinha and Dhrupad Pant led the firm’s team in the transaction.
Skadden has advised taxi-hailing app provider GO on its ¥88.6 billion (US$548m) global IPO and listing in Tokyo. Tokyo corporate partners Kenji Taneda and Ken Kiyota and Houston and Washington DC tax partners Sean Shimamoto and Eric Sensenbrenner led the firm’s team in the transaction, which is Japan’s largest IPO in 2026.
Trilegal has advised Axonwise (Sarvam AI) and its founders on its latest fundraise at a US$1.5 billion valuation through the issuance of Series B compulsorily convertible preference shares. The Series B round is being led by HCL Technologies and Bessemel Ventures Partners, with participation from existing investors Peak XV and Khosla Ventures. Sarvam builds across the AI stack: training and inference infrastructure, frontier model research, and a go-to-market motion spanning enterprises, developers and government. The investment will fund Sarvam’s continued research on training its next frontier model for agentic, coding and cybersecurity use-cases, as well as access to compute at scale to expand its forward-deployed motion across key verticals. Partners Rahul Matthan (TMT), Nikhil Narendran (TMT), Rahil Pereira (corporate), Gauri Chhabra (competition) and Thomas J Vallieneth (TMT) led the firm’s team in the transaction.
TT&A has advised HSBC Securities and Capital Markets (India), as the broker, on the sale in India’s stock exchanges by Temple Trees Impex and Investment of up to 619,683 Procter & Gamble Hygiene and Health Care equity shares with face value of Rs10.00 (US$0.10) each, amounting to approximately Rs5.6 billion (US$9m). Partner Abhinav Kumar led the firm’s team in the transaction.
WongPartnership has advised Silicon Box, a Singapore-headquartered advanced semiconductor packaging company specialising in cutting-edge integration technology and manufacturing processes, on its equity and debt financing. These transactions included the U$100 million Series B funding round in 2024, US$150 million Series B2 extension funding round, and S$100 million (US$77m) debt financing from leading institutional investors. Partner Kyle Lee led the firm’s team in the transaction, together with partners Christy Lim, Serene Soh and Clarence Kang.
