JSA Advocates & Solicitors (JSA) advised NACL Industries Limited (“NACL”) in connection with its rights issue of up to 3,25,01,851 equity shares, aggregating to ₹24,928.92 lakhs. NACL is a subsidiary of Coromandel International Limited (“Coromandel”), a leading agri-solutions provider with a diversified portfolio of products and services across the farming value chain. NACL and Coromandel form part of the Murugappa Group, a 125-year-old conglomerate with a global presence across agriculture, engineering and financial services.
The JSA Capital Markets team was led by Arka Mookerjee, Partner, with support from Pracheta Bhattacharya, Partner; Ananth Balaji, Principal Associate; and Palak Karundia, Bernedict Rozario, Johann Duckworth and Aditya Sureka, Associates.
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.