Shardul Amarchand Mangaldas, JSA, Hogan Lovells act on Craftsman Automation ₹2,000 crore QIP

Craftsman Automation Limited has raised ₹2,000 crore ($211 million) from a Qualified Institutions Placement of 22,98,850 equity shares.

Shardul Amarchand Mangaldas & Co advised Craftsman Automation on this QIP.

The transaction was led by Nikhil Naredi (Partner) and Devi Prasad Patel (Partner), with support from Harsh Loonker (Principal Associate), Veronica Miranda (Senior Associate) and Associates Najeeb Din and Richa Singh.

JSA Advocates & Solicitors advised Axis Capital Limited, the sole placement agent and Book Running Lead Manager on this QIP.

The transaction was led by Arka Mookerjee (Partner), with support from Siddhartha Desai (Partner), Ananth Balaji (Partner) and Associates Aditya Shendye, Aditya Sureka, Ishika Jain, and Sourav Jena.

Hogan Lovells acted as international counsel to Axis Capital.

The transaction was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Varun Jetly (Counsel) and Aditya Rajput (Senior Associate).

Established in 1986, Tamil Nadu-based Craftsman Automation focuses on producing high-quality automotive components, tool rooms, mould bases, storage systems, gears, and special-purpose machines.

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