Trilegal Advised Placement Agents In Cello World's ₹7,373.20 Million QIP

Trilegal Advised Placement Agents In Cello World's ₹7,373.20 Million QIP

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 will be used by Cello for repayment of debt and the establishment of a new facility for manufacturing stainless steel bottles, 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.

Leading the Trilegal team was Capital Markets Partner, Richa Choudhary, and comprised Counsels Avanti Kale and Maitreya Rajurkar, Senior Associate Sanya Chaudhari, and Associates Aman Bahl, Urmil Shah, and Shivayana Balodia.