JSA Advocates & Solicitors (JSA) advised TIL Limited in relation to the rights issue of equity shares by TIL Limited, as well as the acquisition of a majority stake in Tulip Compression Private Limited (“TCPL”).
TIL Limited is a niche heavy-equipment and defence engineering company, and one of the few manufacturers in India with indigenous mobile crane manufacturing capabilities. With a legacy dating back to 1944, the company has established a strong presence in the engineering and infrastructure sectors. TCPL is engaged in the business of packaging, assembly, commissioning and lifecycle maintenance of gas compression equipment, for compressed natural gas and liquified natural gas applications
The JSA transaction team was led by Vikram Raghani, Partner, along with Farah Titina, Principal Associate, Tavishi Chandra, Senior Associateand Yagnesh Sharma, Associate.
The JSA capital markets team was led by Arka Mookerjee, Partner, along with Pracheta Bhattacharya, Partner and Sourav Modi, Partner,supported by Prateek Khandelwal, Associate and Ishika Jain, Associate.
Arka’s practice area involves equity capital markets issuances which covers a wide range of products, such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.