J. Sagar Associates (JSA) acted as the domestic legal counsel to the book running lead managers (BRLMs), namely, Axis Capital Limited, ICICI Securities Limited and IIFL Holdings Limited in the institutional placement programme (IPP) of Quess Corp Limited consisting of a fresh issue of 1,09,24,029 equity shares aggregating to INR 8.74 billion. The shares of the Company issued pursuant to the IPP were listed on August 23, 2017.
The JSA Team comprised Partner – Arka Mookerjee; Senior Associate - Siddhartha Desai; Associates - Krupa Brahmbhatt & Harsh Lookner.
This transaction was the
- first institutional placement programme under the Companies Act, 2013 and in the business services sector
- third highest institutional placement programme in India till date
- fastest follow-on public offering by any listed company in India