JSA Advocates & Solicitors (JSA) has advised 5paisa Capital Limited in connection with its rights issue of equity shares aggregating up to ₹4,688.23 million.
The issue comprises up to 15,627,419 equity shares offered on a rights basis to eligible shareholders.
5paisa is a technology-driven financial services company offering discount broking and a wide range of investment and trading solutions across capital markets through its digital platforms, including mobile and web-based applications. Its services span capital markets, futures and options, currency derivatives and commodity derivatives segments, and include distribution of mutual funds and IPOs with memberships across leading Indian stock exchanges.
The JSA team was led by Arka Mookerjee, Partner, along with Siddhartha Desai, Partner and Ananth Balaji, Partner, supported by Aditya Sureka, Associate.
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.