Qualified Institutions Placement by Texmaco Rail & Engineering Limited

  • Deal
  • November 30, 2023

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.