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Qualified Institutions Placement by Laxmi Organic Industries Limited

Deal
November 7, 2023

JSA advised DAM Capital Advisors Limited and Jefferies India Private Limited in relation to the qualified institutions placement by Laxmi Organic Industries Limited (“LOIL“). LOIL filed a placement document on October 10, 2023 for an issue of 9,625,579 equity shares to qualified institutional buyers aggregating to approximately ₹ 2,591.21 million.

Our Transaction Team Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Principal Associate – Krupa Brahmbhatt Associate – Akash Joshi and Govind Roy

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Tags JSA, Leading Law Firm, Leading Lawyers, organic, QIP

Akash Joshi Senior Associate

Akash practices primarily in the area of capital markets and securities. He has advised clients on best possible drafting strategies for offer documents meant for initial public offers and qualified institutions placement.

Arka Mookerjee Partner

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.

Krupa Brahmbhatt Principal Associate

Krupa practices in the area of Capital Market offerings and Securities.

Siddhartha Desai Partner

Siddhartha specializes in public and private Capital Market transactions. He has advised various issuers, underwriters and selling shareholders on equity offerings such as initial public offerings, rights issues, qualified institutions placements, institutional placement programmes & infrastructure investment trusts (InvITs), and debt offerings such as non-convertible debenture issuances.