JK Tyre & Industries Limited has filed the preliminary placement document and the placement document with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited for their qualified institutions placement of approximately ₹508 crore ($61 million).
Shardul Amarchand Mangaldas & Co advised JK Tyre on this QIP.
The transaction team was led by Prashant Gupta (Partner, National Practice Head, Capital Markets), Sayantan Dutta (Partner), Abhiroop Amitava Datta (Partner), Ankur Verma (Senior Associate), Sridutt Mishra (Associate), Megha Mehta (Associate) and Subah Hindaria (Associate).
Hogan Lovells Lee & Lee advised Emkay Global Financial Services Limited (“Lead Manager”) on the international legal aspect with respect to selling and transfer restrictions.
JK Tyre is one of the leading tyre manufacturers in India with a wide range of products catering to diverse business segments including, truck/bus, light commercial vehicles (“LCV”), passenger cars, multi-utility vehicles (“MUV”) and tractors.
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