PRESS RELEASE
26 June 2024

IndusLaw Deal Report | Borosil QIP

I
IndusLaw

Contributor

INDUSLAW is a multi-speciality Indian law firm, advising a wide range of international and domestic clients from Fortune 500 companies to start-ups, and government and regulatory bodies.
Our firm advised Borosil Limited in relation to the Qualified Institutional Placement of its equity shares.
India
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Our firm advised Borosil Limited in relation to the Qualified Institutional Placement of its equity shares.1

This is the first QIP, post amendment to the SEBI listing regulations, where the offering was completed within a day of launch.

Deal value: INR 1,500 million (approx.)

Book Running Lead Manager: ICICI Securities Limited

INDUSLAW team:

Ravi Dubey (Partner), Anshul Roy (Partner), Mansi Jhaveri (Principal Associate), Anjali Menon (Principal Associate), Anuj Kumar Gupta (Associate), Aditi Khandelwal (Associate), Bhaskar Kumar (Associate), Esha Gupta (Associate) and Megha Rajesh (Associate).

Other law firms involved:

  • Crawford Bayley and Co - Book Running Lead Managers
  • Hogan Lovells Lee & Lee - International legal counsel to the Book Running Lead Manager with respect to selling and transfer restrictions

Footnotes

1. https://www.cnbctv18.com/market/stocks/borosil-opens-qip-today-set-floor-price-at-%E2%82%B9331-75-per-share-19432991.htm

2. https://www.moneycontrol.com/news/business/markets/borosil-announces-qip-at-floor-price-of-rs-331-75-per-share-12755261.html

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PRESS RELEASE
26 June 2024

IndusLaw Deal Report | Borosil QIP

India

Contributor

INDUSLAW is a multi-speciality Indian law firm, advising a wide range of international and domestic clients from Fortune 500 companies to start-ups, and government and regulatory bodies.
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