JSA provided legal counsel to Ambit Private Limited and JM Financial Limited for the qualified institutional placement (QIP) by Sundaram-Clayton Limited (previously Sundaram-Clayton DCD Limited).
SCL submitted the placement document on October 8, 2024, for issuing 1,814,058 equity shares to qualified institutional investors, amounting to approximately ₹400 crore.
The JSA team included Lead Partner Arka Mookerjee, Partner Pracheta Bhattacharya, Senior Associate Sourav Modi, and Associates Jeebitesh Bhattacharya, Vatsla Varandani, Aditi Khandal, Ayushi Pandit, and Vaishnavi Kokkonda.
Sundaram Clayton, the leading company of the TVS Group, specializes in manufacturing and supplying aluminum cast products for global automotive original equipment manufacturers (OEMs). The company operates three manufacturing facilities in Chennai and one in Hosur, Tamil Nadu.
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