Laxmi Organic Industries Limited’s $109 Million Initial Public Offering

Khaitan & Co acted as Legal Counsel to Laxmi Organic Industries Limited and the Promoter Selling Shareholder – Yellow Stone Trust.

Laxmi Organic Industries Limited executed an initial public offering of equity shares of Laxmi Organic Industries Limited aggregating to INR 8,000 million (USD 109 million), comprising afresh issue of equity shares by Laxmi Organic Industries Limited, aggregating to INR 5,000 million and an offer for sale aggregating to INR 3,000 million by the Promoter Selling Shareholder.

Laxmi Organic Industries Limited operates as a speciality chemical manufacturing company, the company also produces acetyl intermediates and speciality intermediates.

The Khaitan & Co. team included Executive Director Sudhir Bassi (Picture), Madhur Kohli (Partner), Navodita Gupta (Principal Associate), Vijayaraghavan (Senior Associate), Shalina Abhale (Associate) and Adithyan Sreekumar (Associate).

Involved fees earner: Shalina Abhale – Khaitan & Co.; Sudhir Bassi – Khaitan & Co.; Navodita Gupta – Khaitan & Co.; Madhur Kohli – Khaitan & Co.; Adithyan Sreekumar – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Laxmi Organic Industries Limited ;

Author: Sonia Carcano