PTC Industries Limited has raised ₹1,800 crore from a qualified institutions placement of equity shares.
Crawford Bayley & Co advised PTC Industries on this QIP, as per the placement document.
Trilegal advised the lead managers ICICI Securities Limited and Goldman Sachs (India) Securities Private Limited on this QIP.
Hogan Lovells Cadwalader acted as international counsel to the lead managers.
The transaction was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Varun Jetly (Counsel) and Jayant Bhardwaj (Senior Associate).
PTC Industries is an advanced manufacturing company, which manufactures strategic materials, high-precision metal components and engineered products for critical applications across various industries including aerospace and defence.
The QIP witnessed strong demand from both international and domestic institutional investors and was oversubscribed over 5 times the issue size, with a significant portion of the demand coming from global institutional investors, including Fidelity Investments, Capital Group, Fidelity International, Aberdeen, and Abu Dhabi Investment Authority.
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