JSA advised Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), ICICI Securities Limited and Motilal Oswal Investment Advisors Limited in relation to the qualified institutions placement by Texmaco Rail & Engineering Limited (“Texmaco“). Texmaco filed a placement document on November 24, 2023 for an issue of 58,090,000 equity shares to qualified institutional buyers aggregating to approximately INR 7500 million.
Our transaction team comprised lead partner – Arka Mookerjee, partner – Siddhartha Desai, principal associate – Krupa Brahmbhatt, associate – Govind Roy, Akash Joshi and associate – Ayushi Pandit.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.
Siddhartha specializes in public and private Capital Market transactions. He has advised various issuers, underwriters and selling shareholders on equity offerings such as initial public offerings, rights issues, qualified institutions placements, institutional placement programmes & infrastructure investment trusts (InvITs), and debt offerings such as non-convertible debenture issuances.