JSA has advised Vivek Gupta, one of the promoters of Oswal Pumps Limited, in connection with the sale of his equity stake ahead of the company’s proposed initial public offering.
Gupta sold a total of 50,12,222 equity shares, representing 5.04% of the pre-offer share capital of the company, to multiple buyers including ValueQuest, Kotak, Quant, and other corporates, individuals, and funds. The total value of the transaction stood at approximately ₹300 crore.
The JSA team advising on the transaction was led by Anand Lakra (Lead Partner), with support from Ami Shah (Principal Associate) and Diya Dave (Associate) from the firm’s Mergers & Acquisitions practice.
Founded in 2003, Oswal Pumps Limited is one of the fastest growing Indian company in the field of solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.