SPR Auto Technologies Limited (formerly Shriram Pistons & Rings) has made a qualified institutional placement of 2,336,448 equity shares aggregating to ₹1,000 crore.
Khaitan & Co advised SPR Auto Technologies on this QIP.
The transaction team consisted of Gautham Srinivas (Partner), Sathvik Ponnappa (Partner), Pulkit Singh Rahangdale (Principal Associate), Avinash Gautam (Senior Associate), Associates Anushaka Sharma, Shambhavi Gautam and Rishav Khetan.
Trilegal advised the lead managers to the Issue, Axis Capital Limited and Emkay Global Financial Services Limited.
The transaction was led by Vinay Sirohia (Partner), with support from Shashwat Raj Solanki (Senior Associate), Associates Sheetal Kumar, Olivia De and Apoorva Chander; Trainee Associates Pratik Basistha and Sanchit Gupta.
SPR Auto Technologies is one of India’s leading automotive component manufacturers, with a heritage of over five decades as part of the Shriram Group. The Company has grown from a manufacturer of pistons, piston pins, piston rings and engine valves into a diversified, technology-driven engineering group offering a broad portfolio of powertrain and powertrain-agnostic products for the automotive and non-automotive sectors.
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