ICICI Securities successfully advises Shriji Polymers on its equity investment from Creador

ICICI Securities Limited ("I-Sec") is pleased to announce the successful closure of INR 2,500 Million investment in Shriji Polymers (India) Limited ("Shriji' or the 'Company') from Creador, a private equity firm specializing in growth capital investments primarily investing in South and South-East Asia. Creador has bought out existing domestic and international institutional investors in the Company, it will hold significant minority stake post this transaction.

Transaction Highlights

- I-Sec acted as the exclusive advisor to Shriji for this marquee transaction.

- I-Sec provided comprehensive advisory services advising on investors selection, evaluating and negotiating multiple term sheets, assisting and managing one of the most comprehensive due diligence process with multiple high quality funds, transaction structuring and negotiation of definitive transaction documents involving several parties digitally, etc.

- I-Sec successfully convinced the investors on the Company's business model resilience and redefined the benchmarks in the packaging sector despite the impact of Covid-19.

- I-Sec worked closely with the Company, Creador and the existing investors to assist in the seamless execution of the transaction.

- I-Sec was able to deliver and manage the transaction through COVID-19 lockdown and achieved key transaction milestones virtually.

With completion of this Transaction, ICICI Securities continues to demonstrate its ability to guide its clients through unprecedented times and successfully conclude transactions even in a challenging environment. It clearly depicts ICICI Securities capabilities to provide high quality transaction advisory services to reputed and high-growth businesses and further cements its leadership in Industrials.

Shares of ICICI Securities Ltd was last trading in BSE at Rs.479.35 as compared to the previous close of Rs. 483.95. The total number of shares traded during the day was 356928 in over 410 trades.

The stock hit an intraday high of Rs. 486 and intraday low of 475.85. The net turnover during the day was Rs. 171324400.

Source : Equity Bulls

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