Trilegal

Trilegal advised the book-running lead managers on the initial public offering (“IPO”) by Bansal Wire Industries Ltd (“Company”), aggregating up to INR 7,450 million.   The Company, along with its subsidiary, is the largest stainless steel wire manufacturing company. The Company offers over 3,000 SKUs in high-carbon steel wire, mild steel wire and stainless-steel wire segments. The Company proposes to utilise the issue proceeds for repayment of debt and working capital requirements.   The syndicate of book running lead managers comprised SBI Capital Markets Ltd and DAM Capital Advisors Ltd.   The issue was subscribed 59.57 times, and the equity shares were listed at a premium of ~39% to the issue price, witnessing a strong market debut.   The Trilegal team was led by Partner Richa Choudhary and comprised attorneys Avanti Kale, Maitreya Rajurkar, Ayush Khandelwal, Shivayana Balodia and Urmil Shah. #capitalmarkets #india #IPO #trilegal #deals #steelindustry

Our Partner, Gautam Chabra, moderated an insightful panel discussion hosted by Indo-French Chamber of Commerce & Industry (IFCCI) on 'Indo-French Smart Urbanisation - Empowering the Future of Urban Living'. The event brought together industry leaders to discuss innovative approaches to urban development and foster collaboration between India and France. #india #france #trilegal #event #urbanisation #smarturbanisation #projects

Trilegal is advising SiliConch Systems Pvt Ltd and its co-founders in the sale of 100% shares of SiliConch by its co-founders, investors and other shareholders to L&T Semiconductor Technologies Ltd ("LTSCT"). The Trilegal Corporate team advising on the deal was led by our Partner Abhishek Dubey and comprised attorneys Sarthak Sood and Sagnik Sarkar. SiliConch Systems is a fabless semiconductor design company which develops System-on-Chip IP and has 30 granted patents across geographies. LTSCT is a wholly owned subsidiary of Larsen & Toubro Ltd and is involved in designing of smart devices. The transaction was signed on 08 July 2024 and is yet to be closed. #corporate #india #Trilegal #deals #dealmakers #mergersandacquisitions

Trilegal advised the placement agents on the qualified institutions placement of equity shares by Cello World Ltd, aggregating to INR 7,373.20 million (“QIP”). The placement agents were Motilal Oswal Investment Advisors Ltd, Jefferies India Pvt Ltd, JM Financial Ltd, and Kotak Mahindra Capital Company Ltd. The QIP saw investments from various marquee investors, including the Government of Singapore, Monetary Authority of Singapore, SBI Life Insurance Co. Ltd, Abu Dhabi Investment Authority - Way and Goldman Sachs Funds - Goldman Sachs India Equity Portfolio.   Cello is a prominent player in the consumer ware market in India with a presence in consumer houseware, writing instruments and stationery, moulded furniture and allied products, and consumer glassware. The proceeds of the QIP are proposed to be used for repayment of debt and the setting up of a new facility for manufacturing stainless steel bottles and, plastic insulated ware and household articles.   The fundraise came in 8 months after Cello got listed by way of an initial public offering. One of the reasons was also to comply with the minimum public shareholding requirement.   The Trilegal team was led by Capital Markets Partner Richa Choudhary and comprised attorneys Avanti Kale, Maitreya Rajurkar, Sanya Chaudhari, Aman Bahl, Urmil Shah and Shivayana Balodia. Read here: https://lnkd.in/gv5pGpvY   #india #trilegal #capitalmarkets #QIPs #IPOs #deals #consumerware

We welcome our campus hires for 2024! This dynamic and talented group of young lawyers has joined diverse practices across our offices, bringing a wave of fresh energy to the firm. #campushiring #campushires #freshers #younglawyers #india #trilegal #talent #youngtalent 

Our Partner Kosturi Ghosh attended an event by Deloitte on 'Architecting Change in the India Entrepreneurship Story'. Kosturi shared her perspectives on rethinking compliance as a strategic asset, corporate governance, and the changing regulatory environment in a panel discussion comprising thought leaders, industry experts, and innovators. Here are a few glimpses of the event. #corporategovernance #corporate #india #event #trilegal #entrepreneurship

Three new criminal laws have come into force from the 1st of July 2024. To read a detailed comparative analysis of the new laws, click here: https://lnkd.in/g2kSJRFX Anuj Berry, Sourabh Rath, Gauri Pasricha and Agniva Chakrabarti #india #trilegal #whitecollarcrime #newcriminallaws #legal #analysis

#TrilegalUpdate In its board meeting on 27 June 2024, SEBI decided to allow public companies to be delisted through a fixed-price offer as an alternative to the existing reverse book building method. This move is expected to ease the path for take-private transactions and bolster public M&A deal activity. Sanjam Arora, Prashant Khurana and Madhav Nakra #sebi #legalupdates #india #Trilegal #mergersandacquisitions #delisting #regulatory

Our Partner Abhishek Dubey and Associate Sagnik Sarkar have authored an article, "Deferred consideration by ‘foreign owned or controlled’ Indian companies – regulatory overhang," for the International Bar Association. The article explores India's FDI and M&A landscape and the challenges posed by regulatory uncertainties for ‘foreign-owned or controlled companies’ in India. You may read the full article here: https://lnkd.in/gkM3Kbc8 #FDI #mergersandacquisitions #India #Trilegal #internationalbarassociation #IBA #legalinsights

Trilegal advised BRFL Textiles Pvt Ltd ('BTPL') and certain existing shareholders of BTPL viz. JM Financial Group (comprising of JM Financial Products Ltd, JM Financial Asset Reconstruction Company Ltd and JM Financial India Trust II - JM Financial India Fund II) and Think Investments in relation to a strategic investment from Gokaldas Exports Ltd ('GEL') in BTPL with a larger view to consolidate BTPL with GEL in the future through an agreed consolidation mechanism. The transaction comprises a preliminary issuance of 5 lakh optionally convertible debentures ('OCDs') to GEL by BTPL for a subscription price of INR 50 crore, followed by an additional investment by GEL of INR 300 crores to be made in subsequent tranches. This strategic investment has been made by GEL with a view to acquire 100% shareholding of BTPL, by way of an agreed consolidation mechanism. The Trilegal Team was led by our Corporate Partners Nikhil Sachdeva and Amit Khansaheb, and comprised attorneys Mayank Malhotra, Devyani Chugh, and Tvisha Dikshit. Read more: https://lnkd.in/gRmvWQSV #deals #india #Trilegal #corporatedeals #mergersandacquisitions #shareholders #investments