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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.

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Tags Banking and Finance, Capital Markets, Equity Shares, JSA, Leading Law Firm, Leading Lawyers, QIPs

Akash Joshi Senior Associate

Akash practices primarily in the area of capital markets and securities. He has advised clients on best possible drafting strategies for offer documents meant for initial public offers and qualified institutions placement.

Arka Mookerjee Partner

Arka’s practice area covers primarily 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.

Krupa Brahmbhatt Principal Associate

Krupa practices in the area of Capital Market offerings and Securities.

Siddhartha Desai Partner

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.