JSA advised ICICI Securities Limited and Ambit Private Limited in relation to the qualified institutions placement of Phillips Carbon Black Limited. It had filed a placement document on October 5, 2021, for issue of equity shares to qualified institutional buyers aggregating to ₹ 4,000 million.
Phillips Carbon Black Limited is part of the RP-Sanjiv Goenka Group. The RP-Sanjiv Goenka Group is a large conglomerate having interests in, amongst others, power and natural resources, carbon black, retail and FMCG, media and entertainment, infrastructure, information technology, education, and sports. Phillips Carbon Black Limited is also the largest carbon black producer in India by capacity and the 7th largest carbon black company globally.
The deal value was USD 52.98 million
JSA team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Senior Associate – Anshu Bansal, Associate – Sourav Modi, Junior Associate – Varshini Puni.
Arka’s practice area covers primarily 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.