JSA, Verist Law, Duane Morris & Selvam act on Manorama Industries ₹500 crore QIP

Manorama Industries Limited has raised ₹500 crores from institutional buyers including WhiteOak, Goldman Sachs (Maurititus) and Abu Dhabi Investment Authority through a Qualified Institutional Placement.

JSA Advocates & Solicitors advised Manorama Industries on this QIP.

The transaction was was led by Madhurima Mukherjee Saha (Partner), with support from Sagar Batra (Partner), Bhavini Mohan (Senior Associate), Bhavya Upadhyay (Senior Associate), Associates Aryaman Singh, Badal Singh and Zaier Ahmad.

Verist Law advised book-running lead managers Ambit Private Limited and ITI Capital Limited on this QIP.

The transaction team consisted of Srishti Ojha (Founding Partner), Iti Mishra (Principal Associate), Associates Dhruv Chopra and Rahul Jacob.

Duane Morris & Selvam LLP served as the international legal counsel for the BRLMs

Manorama Industries specializes in the manufacturing of tree-borne oils and fats, particularly derived from Sal and Mango seeds. The company operates on a "Waste to Wealth" principle and is a leading manufacturer of specialty fats and butters.

The Company will channel the capital towards expansion efforts.

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