Shardul Amarchand Mangaldas advises Raymond Limited
November 8, 2019
Shardul Amarchand Mangaldas & Co (SAM & Co) advises Raymond Limited in its proposed preferential allotment of equity shares and compulsorily convertible preference shares to J. K. Investo Trade (India) Limited, a promoter group company of Raymond Limited and the proposed restructuring of Raymond Limited, inter-alia, involving the demerger of the lifestyle business of Raymond Limited.
SAM & Co acted as legal counsel to Raymond Limited and the transaction team of SAM & Co was led by Mr. Anuj Bhasme, Partner, Ms. Neety Thakkar, Principal Associate, Mr. Nishant Sharma, Senior Associate, Mr. Avichal Mathur, Senior Associate, Mr. Nirav Punjani, Associate, Ms. Rutvi Shrimankar, Associate and Ms. Apeksha Narula, Associate.
The Competition team led by Ms. Manika Brar, Partner and Ms. Supritha Prodaturi, Senior Associate, advised on the competition related aspects of the transaction.
Mr. Akshay Chudasama, Managing Partner – Mumbai Region, provided key strategic inputs and guidance. Mr. Prashant Saran, Senior Consultant, guided the Transaction team on SEBI relates aspects of the transaction.
The aggregate consideration for the proposed preferential allotment by Raymond Limited is INR 350,00,00,000 approximately.
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