Qualified institutions placement by Shyam Metalics and Energy Limited

  • Deal
  • January 22, 2024

JSA advised Shyam Metalics and Energy Limited in relation to its qualified institutions placement for an issue of 24,051,165 equity shares to qualified institutional buyers aggregating to ₹ 13,853.40 million (“QIP”). ICICI Securities Limited were the placement agents to the QIP. Shyam Metalics and Energy Limited filed the placement document on January 5, 2024.

Shyam Metalics and Energy Limited is a leading integrated steel and ferro alloys producer, in terms of long steel products, in the eastern region of India and amongst the largest producers of ferro alloys, aluminium foils and pellets in India.

Deal value: ₹ 13,853.40 million

Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associate – Anshu Bansal, Senior Associate – Sourav Modi, Associate – Shambhavi Kumar and Reshmi Prabhakar.