SINGAPORE, 30 April 2024 — Duane Morris & Selvam LLP acted as the special international counsel to IIFL Securities Limited in its role as the book running lead manager on the recent sale of INR 6,000 million (US$72 million) of equity shares in Gokaldas Exports Limited in a qualified institutions placement.
Gokaldas Exports Limited is one of the key readymade garment manufacturers and exporters based in India and is engaged in the business of the design, manufacture and sale of a wide range of readymade garments for all seasons for men, women and kids.
Duane Morris & Selvam’s team was led by Jamie Benson, the head of the firm’s U.S. Capital Markets and India practices. The team also included Ananth Balaji Sundararaman, senior associate.
J. Sagar Associates acted as Indian legal counsel to the Issue.