The firm’s capital markets’ practice offers a range of legal services to Indian corporates planning to raise funds from the domestic and/ or the international markets. FM owing to the rich experience of several reputed capital markets transactions, has emerged as a leading participant at both the Indian and global markets. We enjoy an unparalleled ability to offer our clients a highly practice-specific advice given our combined knowledge base of securities law and the expertise of working with various industry sectors. Further, due to our ability to draw from our tax, banking and other expert practice areas, we are able to provide our clients with a complete legal and business solution. The firm’s close ties with the local stock exchanges and regulatory bodies helps us to ensure that we are able to offer to our clients all the necessary assistance in complying with legal requirements.
In a recent development, the Government of India (“GOI”) has pushed through the move to allow foreign direct investment (“FDI”) in multi-brand retail. This will allow global retail giants like WalMart to set up deep-discount stores in India. However, GOI has allowed state governments to decide whether to allow FDI
FoxMandal (FM) is the legal advisor to US based Vornado Realty Trust, one of the largest owners and managers of real estate in USA with respect to its recent 50:50 joint venture worth approximately USD 500 million with Mukesh Ambani led Reliance Industries to set up real estate development projects including malls and shopping centres.