Deal Closed | Pricol Limited | Rights Issue of Shares

Pricol allots 2,70,84,777 rights equity shares.

The details of the deal are as under:

Sector: Automobile 

Announcement Date: 20-Nov-2020 

Completion Date: 25-Dec-2020 

Name of Client: Pricol Limited 

Deal Description::  Khaitan & Co acted as legal counsel to the Issue in relation to the issuance of equity shares on a rights basis to the eligible equity shareholders of Pricol Limited, aggregating to INR 8,125.43 lakhs (USD 11 million).  

Total Consideration: INR 8,125.43 lakhs (USD 11.25 million) 

Team Members: Sudhir Bassi (Executive Director), Gautham Srinivas (Partner), Sathvik Ponnappa (Senior Associate) and Sai Saket Rachakonda (Associate) 

Role of Firm: Legal Counsel to the Issue