StanChart stands to gain $100 million as fees
Merrill Lynch and Deutsche Bank are advising MTN while Standard Chartered Bank is Bharti’s advisor in its quest to strike the country’s most-valuable overseas deal.
By TNN |
Merrill Lynch and Deutsche Bank are advising MTN while Standard Chartered Bank is Bharti���s advisor in its quest to strike the country���s most-valuable overseas deal. If it goes through, investment bankers anticipate that StanChart will get around $100 million as fees.
Also, it will help StanChart gain a few notches in the global pecking order of deal makers. No wonder that a combined team of the bank, comprising its Singapore, London and Mumbai offices, is working over time.
In charge of the mission is V Shankar, global head of corporate finance at StanChart. Based in Singapore, Mr Shankar���s overall responsibility includes advisory, mergers and acquisitions, structured finance and principal investments. In his early 50s, Mr Shankar has the reputation of a shrewd deal maker and a successful administrator.
Prior to joining StanChart in 2001, he was with Bank of America for nearly 20 years and was based out of Hong Kong. His last assignment there was of managing director and head of Asia-Pacific investment banking and chief executive officer of BA Asia.
Born and brought up in India, Mr Shankar got a bachelor���s degree in physics from the Loyola College, Chennai, and then completed his masters in business administration from IIM, Bangalore. His deputy on this project is Rahul Goswami, head of strategic client at StanChart, Singapore.
Prahlad Shantigram, MD of corporate advisory and finance division at StanChart���s India operations, and his team is playing a supporting role to execute India���s mother of all deals. This is the biggest M&A involvement for StanChart in India. It took part in financing Tata Steel���s purchase of Corus for $12.9 billion, the largest overseas acquisition by an Indian company, last year, but it was not an advisor to the Tatas.
Mr Shantigram is a veteran investment banker who has been serving StanChart for nearly five years. He joined the bank as MD of the corporate advisory and finance in 2003 when it introduced corporate advisory services in the country to help its clients advise on M&A, capital and financial restructuring, acquisition financing, private placement and strategic partnership. Prior to this, he was working with DSP Merrill Lynch in India, as senior vice-president of the investment bank.
Also, it will help StanChart gain a few notches in the global pecking order of deal makers. No wonder that a combined team of the bank, comprising its Singapore, London and Mumbai offices, is working over time.
In charge of the mission is V Shankar, global head of corporate finance at StanChart. Based in Singapore, Mr Shankar���s overall responsibility includes advisory, mergers and acquisitions, structured finance and principal investments. In his early 50s, Mr Shankar has the reputation of a shrewd deal maker and a successful administrator.
Prior to joining StanChart in 2001, he was with Bank of America for nearly 20 years and was based out of Hong Kong. His last assignment there was of managing director and head of Asia-Pacific investment banking and chief executive officer of BA Asia.
Born and brought up in India, Mr Shankar got a bachelor���s degree in physics from the Loyola College, Chennai, and then completed his masters in business administration from IIM, Bangalore. His deputy on this project is Rahul Goswami, head of strategic client at StanChart, Singapore.
Prahlad Shantigram, MD of corporate advisory and finance division at StanChart���s India operations, and his team is playing a supporting role to execute India���s mother of all deals. This is the biggest M&A involvement for StanChart in India. It took part in financing Tata Steel���s purchase of Corus for $12.9 billion, the largest overseas acquisition by an Indian company, last year, but it was not an advisor to the Tatas.
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Mr Shantigram is a veteran investment banker who has been serving StanChart for nearly five years. He joined the bank as MD of the corporate advisory and finance in 2003 when it introduced corporate advisory services in the country to help its clients advise on M&A, capital and financial restructuring, acquisition financing, private placement and strategic partnership. Prior to this, he was working with DSP Merrill Lynch in India, as senior vice-president of the investment bank.
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