Raising capital

Lumiere Law Partners advised Shalimar Paints Limited in raising an investment of approximately INR 270 crores from Hella Infra Market Private Limited.

We advised Shalimar Paints Limited, a company listed on the National Stock Exchange and the Bombay Stock Exchange and engaged in the manufacture, sale, trading and distribution of paints and industrial coatings, in raising an investment of approximately 270 crores from Hella Infra Market Private Limited. As part of the transaction, the Company issued both equity and convertible debt instruments.

The transaction enables the Company to strengthen its balance sheet, enhance product offerings and seed newer markets.

The Team

Nidhi Arora
Executive Director

Nitin Sharma
Principal Associate

Binny Chopra
Associate