Neeraja Chemburkar
Biography
Overview
Neeraja Chemburkar is an Associate in our Global M&A and Corporate practice based in London.
She has experience advising both domestic and international clients on a broad range of public and private transactions, including mergers and acquisitions, public takeovers, equity capital markets and general corporate advisory.
Neeraja joined White & Case in 2021 and has spent time in our Debt Finance, Corporate M&A and Tax practices in London. She also completed a six-month secondment to our Singapore office to gain experience in Capital Markets.
Experience
Representation of the Del Río family on the business combination of the Derco Group with Inchcape plc for a cash and share consideration of £1.3 billion.
Representation of Gatemore Capital Management, Lansdowne Partners and Hambro Perks in connection with their subscription of convertible loan notes and warrants in Sensyne Health plc and associated "Rule 9 whitewash" process.
Representation of Pagero Group AB, listed on the Swedish NASDAQ, on its competitive offer for Tungsten Corporation plc.
Representation of J.P. Morgan Securities plc and UBS AG Singapore Branch as joint global coordinators and international selling agents, and PT Indo Premier Sekuritas, PT J.P. Morgan Sekuritas Indonesia, PT Mandiri Sekuritas and PT UBS Sekuritas Indonesia as joint lead domestic underwriters, in relation to the initial public offering (IPO) of PT Nusantara Sejahtera Raya Tbk ("Cinema XXI") on the Indonesian Stock Exchange (IDX), which included a Rule 144A/Regulation S offshore tranche. The transaction raised approximately Rp.2.25 trillion (US$150 million) and represents the largest IPO this year from the consumer sector in Indonesia. Cinema XXI is the largest cinema chain operator in Indonesia and its shareholders include an affiliate of GIC Private Limited, Singapore's sovereign wealth fund.
Representation of the issuer, PT Trimegah Bangun Persada Tbk. (Harita Nickel), in relation to the initial public offering (IPO) of Harita Nickel on the Indonesian Stock Exchange (IDX), which includes a Rule 144A/3(c)(7) and Regulation S offshore tranche. The transaction raised approximately Rp.10 trillion (US$672 million) in gross proceeds, which represents Indonesia's largest initial public offering so far in 2023. Harita Nickel is one of the only two pure-play integrated operators of nickel mines and smelters in Indonesia and its associate operates Indonesia's first high-pressure acid leaching (HPAL) plant on Obi Island, Indonesia. The HPAL process turns the low-grade nickel ore from Harita Nickel's mining projects into mixed hydroxide precipitate, which is a precursor to battery-grade nickel sulfate used for electric vehicle batteries. This IPO represents the first EV-related IPO in Indonesia, in line with the Indonesian government's plans to capitalize on Indonesia's strategic position as the world's largest nickel producer to encourage the development of a domestic EV industry.
