JSA advised Mr. Vivek Gupta, one of the promoters of Oswal Pumps Limited, in connection with the sale of his equity stake ahead of the company’s proposed initial public offering (IPO). Mr. Gupta sold a total of 50,12,222 equity shares, representing 5.04% of the pre-offer share capital of the company, to multiple buyers including ValueQuest, Kotak, Quant, and other corporates, individuals, and funds. The total value of the transaction stood at approximately ₹300 crore.
Oswal Pumps Limited is one of India’s fastest-growing, vertically integrated manufacturers in the solar pump segment, with a robust presence across domestic and international markets.
The JSA team advising on the transaction was led by Anand Lakra (Lead Partner), with support from Ami Shah (Principal Associate) and Diya Dave (Associate) from the firm’s Mergers & Acquisitions practice.
Anand is an equity partner at JSA’s Mumbai office. His practice includes private and public M&A, private equity, venture capital and capital market transactions, with a particular focus on securities law matters.