A Sensational Issue: Right Issue of Lloyds Engineering
Recent experience may be taken with Rajani Associates, a leading full-service Indian law firm, who advised Lloyds Engineering Works Limited on its huge rights issue valued at 987.26 crores. This huge deal highlights the level of expertise the firm possesses in capital markets and its capacity to manipulate complex financial products on behalf of its clients.
Rights issue is a method of raising capital by selling off shares to existing shareholders of a publicly traded company after granting them the virtue of acquiring more shares of the company, but mostly at a reduced price. Orchestration of such an issue, in particular at this level, would not be successful without strict legal due diligence, preparation of offer documents, compliance with regulations, and coordination with different stake holders such as the company, merchant bankers and stock exchange. This was a perfect deal that Rajani Associates performed, and its advisory role can be described by its deep knowledge of security laws and practice of corporate finance deals.
Rajani Associates: A Firm Full of Legal Wisdom The appreciation of Rajani Associates: A Firm Built on Legal Wisdom
Founded in 1999, Rajani Associates has progressively won a reputation as one of the most prestigious law firms in India. The company is based in Mumbai and boasts of being involved in providing not mere law knowledge but legal wisdom. The ideology is applied to offer direct, plain and non-compromising remote solutions to complex legal solutions with commercial considerations in the minds of their clients.
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The strong point of the firm is that it possesses a team of well-experienced lawyers, who can not only be proficient in different fields of law but can also penetrate the sphere of business inside and out. They focus on hand-holding where they walk through clients at each stage of any transaction or dispute, and they are also keen on protecting the commercial and strategic interests of clients. Rajani Associates has also reached the stage of being ranked by major global legal guides such as IFLR1000, Asia Law Profiles, Chambers & Partners, and Legal 500 due to its activity in Capital Markets, Banking and Finance, Corporate and M&A, and Private Equity practices.
Behind the Rights Issues: A Multi-talented Portfolio of High Profile Cases
Rajani Associates is a multi-practice firm having a wide range of capabilities which enables it to take up big and complicated legal cases in different fields on a regular basis. They have much more to offer than capital markets. Owing to some of their areas of focus and outstanding types of cases, they are as follows:
- Mergers and Acquisitions (M&A): The firm is excellent at M&A and has advised acquirers and targeted corporations in various sectors of the economy. They also provide advice regarding how to structure an M&A transaction, obtaining regulatory approval (including the Companies Act and SEBI Takeover Code), legal due diligence, drafting and negotiation of transactional documents. They further attend to amalgamation schemes, demerger schemes, restructuring and reconstruction. Among others, this has been in advising on the acquisition of divisions of companies, and the movements of large stakes.
- Private Equity (PE): Rajani Associates engages in private equity performing similar activities as above with respect to the investors and the target company to organize funding in a wide variety of funding rounds, ranging between seed through mezzanine and finally matured investments. They are also known to be well versed in the structuring of investment transactions, due diligence and in making sure interests between two parties are aligned in order to achieve the best results.
- Debt Restructuring and Insolvency: With the evolution of the insolvency laws in India, the company has ventured into the restructuring of debt world and has also undertaken the cases that pertain to financial creditors, operational creditors and corporate debtors, under the Insolvency and Bankruptcy Code (IBC). They have also dealt with petitions of the clients in National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) in addition to writing resolution plans and liquidation process. An interesting one was when they were involved in a cross-border insolvency case in which the Singapore High Court acknowledged an Indian Corporate Insolvency Resolution Process under the IBC.
- Dispute Resolution: Rajani Associates maintains an excellent litigation and arbitration practice that has dealt with numerous civil and corporate litigations. They also appear before the Supreme Court of India and various High Courts besides with the NCLT/NCLAT, Securities Appellate Tribunal (SAT) and other tribunals and forums. They are also the fronts of the statutory and government agencies such as SEBI, Enforcement Directorate (ED) and Reserve Bank of India (RBI). They are also credited with developing new strategies for addressing the business goals of clients in litigious cases.
- Banking and Finance: The firm also gives advice on a broad spectrum of banking and finance issues, drafts, reviews and negotiates loan and facility agreements (both rupee and foreign currency denominated), common loan agreements, guarantee agreements and security documents. They portray a wide-ranged range of clients in the financial job market.
- Infrastructure and Projects: Since infrastructure development is another focus point in India, Rajani Associates also provides law services regarding mega projects as well as project financing.
- Anti-Bribery and Corruption & Structuring: The firm advises on anti-bribery and corruption laws including foreign and domestic. They are also in the business of corporate structuring where they design effective legal frameworks for businesses. The other practice that they also engage in is corporate structuring; structuring the legal frameworks of an enterprise in such a manner as to assist an enterprise in running smoothly.
A Legal Firm of Trust
The proven track record of participation in major corporate transactions as well as diversity in large numbers of complicated cases that Rajani Associates has been dealing with gives testament to the fact that the firm is a well-established and trusted legal partner in the Indian market. This, combined with a determination to be commercially-savvy in the offering of practical legal advice, as well as their ability to offer assistance in a wide variety of practice areas, further cements the reputation they have as being a benefit to both local and foreign companies considering the myriad of different activities happening within the Indian nation and the associated law and business environment. The company has remained known for its proactive nature and its capacity to present effective solutions to problematic legal situations.
