Shardul Amarchand Mangaldas advises Cello World Limited (“Issuer”) on its Initial public offering by way of an offer for sale of 29,337,023 equity shares aggregating to ₹ 1900 Crore by certain shareholders. The deal was valued approximately at Rs 1900 Crores and the equity shares of the Issuer were listed on the BSE and NSE on 6 November 2023.
The Issuer is a prominent player in the consumer ware market in India, with presence in the consumer houseware, writing instruments and stationery, and moulded furniture and allied products and consumer glassware categories.
The Capital Markets team was led by Prashant Gupta, National Practice Head, Capital Markets; Abhinav Maker, Partner; Chinmay Sethia, Senior Associate; Harini Jambunathan, Associate; Shruthi Hariharan, Associate and Veronica Miranda, Associate.
Sidley Austin LLP advised Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited (Book Running Lead Managers) on the international legal aspect.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 822 lawyers including 166 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.