Shree Cement Limited’s Share Offering

Khaitan & Co advised Shree Cement Limited on the deal.

Shree Cement Limited did a qualified institutions placement of 12,43,523 equity shares of face value of Rs 10 each at a price of Rs 19,300 per equity share, aggregating to approximately INR 2,400 crore.

The transaction was valued at approx. USD 341 million.

JM Financial Limited and ICICI Securities Limited acted as book running lead managers on the deal.

The Khaitan team was composed by Executive Director Sudhir Bassi (Picture), Gautham Srinivas (Partner), Devi Prasad Patel (Senior Associate), Sathvik Ponnappa (Senior Associate) and Sai Saket Rachakonda (Associate)

Involved fees earner: Sudhir Bassi – Khaitan & Co.; Devi Prasad Patel – Khaitan & Co.; Sathvik Ponnappa – Khaitan & Co.; Sai Saket Rachakonda – Khaitan & Co.; Gautham Srinivas – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Shree Cement Limited;

Author: Michael Patrini