Duane Morris & Selvam Advises on the Sale of INR 6,000 million (US$72 million) of Equity Shares in Gokaldas Exports Limited a Qualified Institutions Placement

SINGAPORE, 30 April 2024 — Duane Morris & Selvam LLP acted as the special international counsel to IIFL Securities Limited in its role as the book running lead manager on the recent sale of INR 6,000 million (US$72 million) of equity shares in Gokaldas Exports Limited in a qualified institutions placement.

Gokaldas Exports Limited is one of the key readymade garment manufacturers and exporters based in India and is engaged in the business of the design, manufacture and sale of a wide range of readymade garments for all seasons for men, women and kids.

Duane Morris & Selvam’s team was led by Jamie Benson, the head of the firm’s U.S. Capital Markets and India practices. The team also included Ananth Balaji Sundararaman, senior associate.

J. Sagar Associates acted as Indian legal counsel to the Issue.

About Duane Morris & Selvam LLP
Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City and Yangon, as well as an office in Shanghai. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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