Law firm Trilegal and JSA take action in the sale of Timex Group's ₹315 crore stake
In a significant development, JSA Advocates and Solicitors and Trilegal have provided legal counsel for two distinct parties in the offer for sale of equity shares of Timex Group India Limited.
Timex Group Luxury Watches B.V., Netherlands, the seller, was advised by Trilegal, with Abhinav Maker (Partner) leading the mandate. Support for the mandate was provided by Ajo Jomy (Counsel) and Ipsita Sahoo (Associate).
On the other hand, JSA Advocates and Solicitors advised Kotak Securities Limited, the buyer, on the same transaction. The Equity Capital Markets team at JSA, led by ArkaMookerjee (Partner), provided the legal advice. PrachetaBhattacharya (Partner), Kairav Parikh (Principal Associate), and PrachetaBhattacharya were members of this team. Kairav Parikh was also supported by another member, PrachetaBhattacharya.
The offer for sale aggregated 15,142,500 equity shares of the Company, representing 15.00% of the total issued and paid-up equity share capital of Timex Group India. The total consideration for the offer was ₹315.35 crore, with each equity share having a face value of ₹1.
Kotak Securities Limited was involved in the offer for sale of equity shares of Timex Group India, as mentioned in previous reports.
This transaction marks another successful collaboration between JSA Advocates and Solicitors and Kotak Securities Limited, demonstrating their expertise in the Equity Capital Markets sector. Meanwhile, Trilegal continues to solidify its position as a trusted advisor for foreign investors in India.
In the transaction, Kotak Securities Limited, the buyer, was advised by JSA Advocates and Solicitors on business matters pertaining to investing in finance, such as the offer for sale of equity shares of Timex Group India. Meanwhile, Trilegal, advising Timex Group Luxury Watches B.V., Netherlands, the seller, also demonstrated its expertise in finance by offering legal counsel for this same transaction.
