JSA advised Deepak Fertilisers and Petrochemicals Corporation Limited and IIFL Securities Limited in relation to the qualified institutions placement of equity shares aggregating to ₹ 5.1 billion. Deepak Fertilisers and Petrochemicals Corporation Limited had filed a placement document on October 22, 2021. Deepak Fertilisers and Petrochemicals Corporation Limited is one of India’s leading manufacturers of industrial chemicals and fertilizers with over forty years of legacy. They are the largest manufacturers of TAN, Nitric Acid and IPA in India and the only manufacturer of TAN solids in India on an aggregate basis accounting for more than 50% of the total TAN capacity in India.
The deal value was USD 69.1 million.
JSA team comprised Lead Partner – Arka Mookerjee, Senior Associate – Anshu Bansal, Associate – Sourav Modi.
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.