Texmaco Rail & Engineering Limited has filed a placement document on November 24, 2023 for an issue of 58,090,000 equity shares to qualified institutional buyers aggregating to approximately ₹750 crore.

Nuvama Wealth Management Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited acted as the Lead Managers to the issue.

Khaitan & Co acted as legal counsel to Texmaco as to Indian law in this QIP.

The core team consisted of Madhur Kohli (Partner), Vaibhav Mittal (Partner), Aayush Virani (Associate), Bhavna Sancheti Lodha (Associate), Varshini Puni (Associate).

JSA advised Nuvama, ICICI and Motilal Oswal in relation to the qualified institutions placement by Texmaco.

The transaction team consisted of Arka Mookerjee (Lead Partner), Siddhartha Desai (Partner), Krupa Brahmbhatt (Principal Associate), Govind Roy (Associate), Akash Joshi (Associate) and Ayushi Pandit (Associate).

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