Bajaj Electricals Limited’s Rights Offering

Khaitan & Co advised Bajaj Electricals Limited on the offering.

Bajaj Electricals Limited offered equity shares at a price of INR 310 per shar (including a premium of INR 308 per Rights Equity Shares) aggregating upto INR 3,499.94 million (approx. $47.5 million). Edelweiss Financial Services Limited acted as the lead manager to the Rights Issue.

Bajaj Electricals Ltd (BSE: 500031) is an Indian consumer electrical equipmentmanufacturing company based in Mumbai.

The Khaitan & Co team included Executive Director Sudhir Bassi (Picture), Madhur Kohli (Partner), Oishik Bagchi (Principal Associate), Devarshi Mukhopadhyay (Associate), Adrika Dhawan (Associate)

Involved fees earner: Oishik Bagchi – Khaitan & Co.; Sudhir Bassi – Khaitan & Co.; Adrika Dhawan – Khaitan & Co.; Madhur Kohli – Khaitan & Co.; Devarshi Mukhopadhyay – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Berar Finance;

Author: Michael Patrini