Navin Fluorine International Limited has launched a qualified institutions placement of its equity shares aggregating to ₹750 crore.
Cyril Amarchand Mangaldas advised Navin Fluorine International on this QIP.
The transaction team was led by Yash J. Ashar (Senior Partner), Janhavi Manohar (Partner); with the support from Rushab Dhandokia (Principal Associate), Ankesh Kumar (Senior Associate), Harsha Menon (Associate), Prakhar Jain (Associate) and Jayadeep Manchikalapudi (Associate).
Khaitan & Co advised the sole banker on the QIP - JM Financial.
The transaction team consisted of Sudhir Bassi (Executive Director), Gautham Srinivas (Partner), Sathvik Ponnappa (Partner), Abhishek Singh (Senior Associate), Vaishnavi Gupta (Senior Associate), Anubhav Jaiswal (Associate), Dharini Shanker (Associate) and Mainak Pani (Associate) with assistance from Pulkit Singh Rahangdale (Principal Associate), Ujwal Zutshi (Associate) and Harshitha Kiran (Associate).
Hogan Lovells (Middle East) LLP acted as international legal counsel to the lead manager with respect to selling and transfer restrictions.
Navin Fluorine International Limited (NFIL) is a prominent player in the chemicals industry, specializing in the production of specialty fluorochemical.
Founded in 1967, NFIL is primarily engaged in manufacturing refrigeration gases, inorganic fluorides, and specialty organofluorines, catering to a diverse range of industries. The company has established itself as a reliable global leader in organo-fluorine chemistry, with operations extending to the UK and other international markets.
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