Khaitan & Co Advised Sundaram Clayton On ₹400 Cr QIP

Khaitan & Co advised Sundaram Clayton Limited on its QIP worth INR 400 crores.

Sundaram-Clayton is a leading manufacturer of aluminium die-casting components. It supplies to major automotive OEMs including TVS Motor, the Cummins group, the Volvo group, Hyundai Motor India, the Daimler group, and to component suppliers such as Wabco India and the Visteon group.

The company allotted 18.14 lakh equity shares at an issue price of ₹2,205 per share, marking a 4.99% discount on the floor price of ₹2,320.78 per share.

The deal team at Khaitan Co consisted of Partner Vaibhav Mittal, and Associates Aastha Dhuppad, Vanshika Singh and Varshini Puni. 

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