{"id":45418,"date":"2024-11-15T13:20:21","date_gmt":"2024-11-15T13:20:21","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=45418"},"modified":"2024-11-15T13:20:21","modified_gmt":"2024-11-15T13:20:21","slug":"cyril-amarchand-mangaldas-advised-himatsingka-siede-limited-as-their-legal-counsel","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/cyril-amarchand-mangaldas-advised-himatsingka-siede-limited-as-their-legal-counsel\/","title":{"rendered":"Cyril Amarchand Mangaldas advised Himatsingka Siede Limited as their legal counsel."},"content":{"rendered":"<p><strong>Cyril Amarchand Mangaldas (\u201cCAM\u201d) advised Himatsingka Siede Limited (the &#8220;Company&#8221;) as their legal counsel as to Indian law,<\/strong> <!--more-->on the issuance of 2,72,85,129 equity shares (&#8220;<strong>Equity Shares&#8221;<\/strong>) at a price of \u20b9 146.60 per Equity Share, including a premium of \u20b9 141.60 \u00a0per Equity Share, aggregating up to \u20b939,999.99 lakhs, by way of a qualified institutions\u00a0placement (&#8220;<strong>QIP<\/strong>&#8220;).<\/p>\n<p>The QIP was undertaken by the Company in compliance with Chapter VI of the SEBI (Issue \u00a0of \u00a0Capital \u00a0and \u00a0Disclosure Requirements) Regulations, 2018 (\u201c<strong>SEBI ICDR Regulations<\/strong>\u201d) and Section 42 of the Companies Act, 2013 .<\/p>\n<p>The Company is a vertically integrated textile company with a global footprint, that designs, develops, manufactures and distributes a suite of textile products.<\/p>\n<p>The transaction was led by <strong>Reuben Chacko, <\/strong><strong><em>Partner &#8211; Regional Co-head Markets Practice (South); <\/em><\/strong>with support from <strong>Tanvi Kini, <\/strong><em>Principal Associate<\/em>, <strong>Dhawal Nirash<\/strong>, <em>Associate; <\/em><strong>Ayushi Agarwal, <\/strong><em>Associate, <\/em><em><strong>Anjini Ganguly,<\/strong><\/em><em> Associate; and <strong>Olivia De, <\/strong>Associate.<\/em><\/p>\n<p>Other parties to the transaction included: <strong>Axis Capital Limited <\/strong>and<strong> SBI Capital Markets Limited <\/strong><em>(acted as Book Running Lead Managers to the Issue)<\/em>.<\/p>\n<p>The QIP launched on October 24, 2024 and closed on October 29,\u00a02024.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-45418","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/45418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=45418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}