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 Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.