JSA acted for UPL Limited in completing a share buyback from its shareholders through the open market route. UPL is listed on the BSE and the National Stock Exchange and is principally engaged in the agro business of production and sale of agrochemicals, field crops, vegetable seeds and non-agro business of production and sale of industrial chemicals, chemical intermediates and speciality chemicals.
JM Financial Limited was the merchant banker for the Buyback.
Deal Value: USD 146 million/INR 1,100 crores
JSA team comprised Lead Partner – Anand Lakra, Senior Associate – Ami Shah, and Associate – Sonakshi Verma.
Anand is an equity partner at JSA’s Mumbai office. His practice includes private and public M&A, private equity, venture capital and capital market transactions, with a particular focus on securities law matters.