Shardul Amarchand Mangaldas advises PVR Limited and Axis Capital Limited in its issuance of rights equity shares
August 12, 2020
Shardul Amarchand Mangaldas & Co (SAM & Co.) acted as the domestic legal counsel to the rights issue undertaken by PVR Limited for the issuance of 38,23,872 equity shares of face value of ₹ 10 each (“Rights Equity Shares”) for cash at a price of ₹ 784 per rights equity share aggregating to ₹ 299.79 crore.
The rights equity shares were offered to the eligible equity shareholders in the ratio of 7 rights equity shares for every 94 equity shares held by such eligible equity shareholders as on July 10, 2020, being the record date.
Shardul Amarchand Mangaldas & Co. acted as the sole domestic legal counsel to PVR Limited and Axis Capital Limited (the lead manager on the transaction). The transaction team was led by Prashant Gupta, Partner, National Practice Head; Sayantan Dutta, Partner; Trishita Dasgupta, Senior Associate; Maharghya Biswas, Associate; Sanjeev Chowdhary, Associate; and Himanshu Rathore, Associate.
Squire Patton Boggs Singapore LLP was Special Purpose International Legal Counsel to Axis Capital Limited.
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