Trilegal advised book running lead managers, Axis Capital Limited and JM Financial Limited on the initial public offering (IPO) of equity shares by Elin Electronics Limited (the “Offer”), a leading manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances in India, and one of the largest fractional horsepower motors manufacturers in India.
The Offer included a fresh issue of equity shares worth INR 1,750 million and an offer for sale of INR 3,000 million by the selling shareholders. The IPO was oversubscribed 3.09 times.
The Trilegal team advising on the deal was led by Partner, Bhakta Patnaik, and comprised Counsel, Albin George Thomas; Senior Associates, Arjun Rastogi, Bhargavi Mahajan, and Associates, Arsh Sinha, Jahanvi Jain, Ved Chanduka and Anoushka Pv.
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.
For more information, please contact:
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that: