Chandhiok & Mahajan and Rajani Associates acted Pondy Oxides and Chemicals Limited's (POCL) Qualified Institutional Placement (QIP) of equity shares aggregating to ₹175 crore.
Chandhiok & Mahajan advised POCL on this QIP.
The C&M Capital Markets team was led by the Niruphama Ramakrishnan (Partner and Head of Capital Markets), along with Shristi Kanchan (Senior Associate), Rishika Sharma and Garima Mangla (Associates).
Rajani Associates acted as the legal counsel to the Lead Manager Systematix Corporate Services Limited on this QIP.
The transaction team consisted of Sangeeta Lakhi (Senior Partner) and Rhea Manchanda (Associate).
According to an exchange filing, POCL allocated 20.34 shares at an issue price of ₹860 each. This capital infusion will enable POCL to further strengthen its operations and capitalise on growth opportunities within the metals industry.
POCL is a leading manufacturer of non-ferrous metals and chemicals in India. The company specialises in the production of lead, lead alloys, aluminium, copper, and plastic-based products, catering to a diverse range of industries including automotive, industrial, and consumer goods. Over the years, the company has built a reputation for quality, innovation, and reliability, positioning itself as a key player in the metals and chemicals market.
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