Latham Advises on Ventive Hospitality’s US$187.1 Million IPO
Latham & Watkins acted as sole international counsel on Ventive Hospitality’s US$187.1 million initial public offering on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE). JM Financial Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited served as the book running lead managers for the IPO.
The Latham team was led by Singapore partner Rajiv Gupta, with Singapore associates Kelly Teoh and Esha Goel, Hong Kong associate Eunice Chan, and Singapore foreign legal consultant Mara Recto. Advice was also provided on tax matters by Chicago partner Enrique Rene de Vera, New York partner Jiyeon Lee-Lim, and Chicago associate Jay Khurana; and on Investment Company Act matters by Boston counsel Joel Cavanaugh.
ABOUT VENTIVE HOSPITALITY
Ventive Hospitality is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of its hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor, and Atmosphere. Ventive Hospitality’s portfolio comprises 11 operational hospitality assets in India and Maldives (totaling 2,036 keys across the luxury, upper upscale, and upscale segments), as well as three Grade A office assets and a Grade A retail space in India with a total leasable area of 3.4 million square feet. Ventive Hospitality also has two hospitality assets under development in India and Sri Lanka.
ABOUT LATHAM’S INDIA PRACTICE
With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.