AZB & Partners advised JM Financial Institutional Securities Limited and IIFL Securities Limited
AZB & Partners advised JM Financial Institutional Securities Limited and IIFL Securities Limited (collectively, “Brokers”) on the sale of 9,164,033 equity shares by Evergraph Holdings Pte. Ltd. in S.J.S. Enterprises (“Company”), representing 29.53% of the equity share capital of the Company, which aggregated to approximately INR INR 5.7 Bn (approx. USD 68.5 Mn).
S.J.S Enterprises manufactures a wide range of aesthetic products catering to industries like two-wheelers, passenger vehicles, commercial vehicles, consumer durables/appliances, medical devices, farm equipment, and sanitary ware.
The AZB team advising the Brokers comprised of Senior Partners, Varoon Chandra and Lionel D'Almeida and Senior Associate, Bharat Mordani.