Indian law firm Cyril Amarchand Mangaldas has guided the $482 million rights issue of Aditya Birla Group’s flagship company, Grasim Industries, with Khaitan & Co and Hogan Lovells advising the lead managers to the issue.
The lead managers were Axis Capital, BofA Securities India, Jefferies India, JM Financial, Kotak Mahindra Capital and SBI Capital Markets.
Grasim had set the price for the rights issue at 1,812 rupees ($21.80) per share, with shareholders entitled to six rights equity shares for every 179 that they held in the company as on Jan. 10.
The CAM team was led by capital markets practice head Yash Ashar and partner Abhinav Kumar.
The Khaitan team advising the lead managers was led by partners Abhimanyu Bhattacharya, Subhayu Sen and Aayush Mohata.
The Hogan Lovells team was led by India practice co-head and Singapore office managing partner Biswajit Chatterjee.
