The details of the deal are as under:
Sector: Chemicals
Announcement Date: 15-Dec-2020
Name of Client: Laxmi Organic Industries Limited
Deal Description: Filing of the draft red herring prospectus in relation to the proposed initial public offering of equity shares of Laxmi Organic Industries Limited, comprising a fresh issue of equity shares by Laxmi Organic Industries Limited, aggregating up to INR 5,000 million and an offer for sale of up to INR 3,000 million by the Yellow Stone Trust (the “Promoter Selling Shareholder”).
Total Consideration: Up to INR 8,000 million (USD 109 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 and the Promoter Selling Shareholder as to Indian law
Other legal advisors if any with names of Lead Lawyers
Legal Counsel to the BRLMs as to Indian law: J. Sagar Associates
Unique Feature of Transaction: Khaitan & Co represented both Laxmi Organic Industries Limited and the Promoter Selling Shareholder.