Whalesbook
Emirates Capital Dubai is bolstering its presence in India with a significant leadership appointment. The UAE-based lender is set to name veteran banker Alok Malpani as the Chief Executive Officer of its Indian arm, Emirates Capital India. This strategic move follows Emirates Capital Dubai's recent acquisition of a majority stake in RBL Bank Ltd., signaling a concerted effort to expand its financial services footprint across the subcontinent.
Strategic India Expansion
The newly appointed Emirates Capital India will concentrate on key areas of financial advisory. Its focus will span equity capital markets (ECM), debt capital markets (DCM), leveraged capital markets (LCM), mergers and acquisitions (M&A), structural credit, and institutional equities. This expansion follows Emirates Capital Dubai's acquisition of a majority stake in the Indian private sector bank, RBL Bank, underscoring an aggressive growth strategy.
Malpani's Dealmaking Track Record
Alok Malpani brings over three decades of extensive experience in the global financial arena. He is credited with orchestrating more than 150 transactions, collectively valued at approximately $100 billion. His career has seen him operate across India, Europe, and the Middle East, managing a diverse range of deal types including Initial Public Offerings (IPOs), Qualified Institutional Placements (QIPs), M&A, Leveraged Buyouts (LBOs), and complex structural financing.
Malpani's notable deal executions include the monumental $30 billion ArcelorMittal transaction and the $2.5 billion divestment of Videocon Oil and Gas's Mozambique gas block. He has also advised the Shapoorji Pallonji Group on significant divestments, such as the $400 million sale of Sterling & Wilson to Reliance New Energy. Further transactions include Nirma's $900 million acquisition of Glenmark Life Sciences and several high-profile IPOs like Afcons Infrastructure ($1 billion), which was the largest by an EPC company in India. He also managed key listings for the JSW Group, including JSW Infra ($350 million) and JSW Cement ($300 million). His expertise extends to executing complex cross-border debt transactions for major Indian conglomerates like the Aditya Birla Group, Torrent Group, Zydus, Adani Group, and Hinduja Group.