Deal Closed | Laxmi Organic Industries Limited | Pre-IPO

The details of the deal are as follows:

Sector: Speciality Chemicals 

Announcement Date: 25-Mar-2021 

Completion Date: 01-Mar-2021 

Name of Client: Laxmi Organic Industries Limited 

Deal Description: Acted as the legal counsel to the Company as to Indian law in relation to the pre-IPO private placement of 15,503,875 equity shares aggregating to INR 2,000 million at a price of 129 per equity share, by Laxmi Organic Industries Limited. 

Total Consideration: INR 2000 million (USD 27.8 million) 

Team Members: Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Navodita Gupta (Principal Associate), Vijayaraghavan (Senior Associate), Shalina Abhale (Associate) and Adithyan Sreekumar (Associate) 

Role of Firm: Legal Counsel to the Company as to Indian law