J. Sagar Associates (JSA) acted as the Domestic Legal Counsel to the Issue in Somany Ceramics Limited’s Qualified Institutions Placement of equity shares amounting to Rs. 1200 million (the “Issue”). The Issue also included an offering of equity shares to qualified institutional buyers within the United States of America. Emkay Global Financial Services Limited was the Book Running Lead Manager to the Issue while Squire Patton Boggs, Singapore, acted as the International Legal Counsel to the Book Running Lead Manager.

The JSA team comprised Partners Nosh Modi & Arka Mookerjee; and Associates Swapneil Akut, Siddhartha Desai, Krupa Brahmbhatt & Akash Joshi.