16 Apr 2026
Deal: Trilegal advised on the QIP of equity shares by Cello World
08 Jul 2024
08 Jul 2024
Trilegal advised the placement agents on the qualified institutions placement of equity shares by Cello World Limited aggregating to INR 7,373.20 million (“QIP”). The placement agents were Motilal Oswal Investment Advisors Limited, Jefferies India Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited. The QIP saw investments from various marquee investors including Government of Singapore, Monetary Authority of Singapore, SBI Life Insurance Co. Limited, Abu Dhabi Investment Authority – Way and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio.
Cello is a prominent player in the consumer ware market in India with presence in the consumer houseware, writing instruments and stationery, moulded furniture and allied products, and consumer glassware. The proceeds of the QIP are proposed to be used for repayment of debt and setting up of a new facility for manufacturing stainless steel bottles and plastic insulated ware and household articles.
The fund raise came in 8 months after Cello got listed by way of an initial public offering. One of the reasons was also to comply with the minimum public shareholding requirement.
The Trilegal team was led by Capital Markets Partner, Richa Choudhary, and comprised Avanti Kale and Maitreya Rajurkar, Counsels; Sanya Chaudhari, Senior Associate; Aman Bahl, Urmil Shah and Shivayana Balodia, Associates.
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About Trilegal
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 India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 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.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com
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