Khaitan & Co acted as Indian Legal Counsel to the book running lead managers, JM Financial Ltd and Motilal Oswal Investment Advisors Ltd in connection with the draft red herring prospectus filed by Duroflex Ltd in relation to its proposed initial public offering of equity shares, comprising of a fresh issue aggregating up to ₹1,836.00 million and an offer for sale of up to 22,564,569 equity shares of face value ₹ 1 each.
The deal team included Thomas George (Partner), Suman Prabhu (Partner), Jash Botadra (Associate), Varun Nair (Associate) and Anand Sivasankaran (Associate), Shishir Mani Tripathi (Associate) and Anveeksha Anand (Associate).
The core team consisted of Sanjay Khan Nagra (Partner), B N Vivek (Partner), Divya Rau (Senior Associate), and Anjali S Kumar (Associate).