Rajani Associates acts on Kranti Industries Warrants Issue

Kranti Industries Limited has made an the issue of fully convertible warrants on a preferential basis valued at approximately ₹12.8 crore, to pre-identified group of investors.

Rajani Associates acted for and advised Kranti Industries on this transaction. The Firm was involved in (i) Advising on the structure of the transaction in light of applicable laws; (ii) Assisting the clients to achieve closure of the Transaction by preparation of the documents including Board/shareholders resolutions, requisite intimations, outcomes, Issue Summary Documents (ISD) to be filed with BSE, from time to time, by the Company, letters, undertakings and other ancillary documents; (iii) assisting the client in preparation of documents w.r.t. making application for in-principle approval; (iv) assisting in the preparation of offer letter to be circulated to the identified investors; and (v) advising the client on queries and concerns of Stock Exchange. 

The transaction team consisted of Ashish Parwani (Partner), Rajeev Nair (Partner), and S Shivganesh (Associate).

Kranti Industries Limited is a company specializing in manufacturing and dealing with automotive components and equipment.

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