JSA advised Purnima Ashwin Desai, one of the promoters of Aether Industries Limited, in connection with an Offer for Sale (OFS) of the company’s shares via the stock exchange mechanism, amounting to approximately USD 73 million.
The firm also advised the appointed brokers – DAM Capital Advisors Limited, JM Financial Services Limited, and UBS Securities India Private Limited – on various aspects of the transaction.
The OFS route facilitated a market-driven share sale process, enhancing public shareholding and providing investors with an opportunity to participate in the growth journey of Aether Industries Limited.
The team, led by Arka Mookerjee (Partner), along with Siddhartha Desai (Partner) and Kairav Parikh (Principal Associate), showcased JSA’s capital markets advisory practice, supporting promoters and financial intermediaries on strategic equity divestments through transparent and compliant market mechanisms.
Arka’s practice area involves equity capital markets issuances which covers a wide range of products, such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.