Cyril Amarchand Mangaldas (“CAM”) advised Himatsingka Siede Limited (the “Company”) as their legal counsel as to Indian law, on the issuance of 2,72,85,129 equity shares (“Equity Shares”) at a price of ₹ 146.60 per Equity Share, including a premium of ₹ 141.60 per Equity Share, aggregating up to ₹39,999.99 lakhs, by way of a qualified institutions placement (“QIP“).
The QIP was undertaken by the Company in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Section 42 of the Companies Act, 2013 .
The Company is a vertically integrated textile company with a global footprint, that designs, develops, manufactures and distributes a suite of textile products.
The transaction was led by Reuben Chacko, Partner – Regional Co-head Markets Practice (South); with support from Tanvi Kini, Principal Associate, Dhawal Nirash, Associate; Ayushi Agarwal, Associate, Anjini Ganguly, Associate; and Olivia De, Associate.
Other parties to the transaction included: Axis Capital Limited and SBI Capital Markets Limited (acted as Book Running Lead Managers to the Issue).
The QIP launched on October 24, 2024 and closed on October 29, 2024.