Shardul Amarchand Mangaldas advised JK Tyre & Industries Limited (“Issuer”) on its qualified institutions placement of approximately USD 61 million. The issuer filed the preliminary placement document and the placement document with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on 19 December 2023 and 22 December 2023, respectively.
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.
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.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 822 lawyers including 166 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
