Shardul Amarchand Mangaldas & Co. Advised Carraro India On ₹12,500 Million IPO And Carraro International On Offer Of Sale
Shardul Amarchand Mangaldas & Co. Advised Carraro India On ₹12,500 Million IPO And Carraro International On Offer Of Sale
Shardul Amarchand Mangaldas & Co. advised Carraro India Limited (“Carraro India”) and Carraro International S.E. (“Carraro International”) on the initial public offering of equity shares aggregating to ₹12,500 million (approximately $146.55 million) by Carraro India comprising an offer of sale of equity shares by Carraro International (“IPO”).
Carraro India is a leading independent tier 1 solution provider of axles, transmission systems, and gears for agricultural tractors and construction vehicles, exemplifies the innovative strides within its industry. The firm also advised the Carraro India on consolidation of value prior to the IPO, which involved the acquisition of another Indian entity (Carraro Technologies India Private Limited) in the Carraro group from Carraro International.
The capital markets team was led by Nikhil Naredi, Partner, with assistance from Rohit Tiwari, Partner; Senior Associates, Tarun Srikanth, and Ankur Verma; and Associates, Shruthi Hariharan, Anoushka PV, and Niharika Payannavar.
The general corporate team was led by Mithun Thanks, Partner, with assistance from Kaustubh Verma, Partner; Shraddha Suryavanshi, Principal Associate; Kratisha Agarwal, Senior Associate; and Jehan Jhaveri, Associate.
The taxation team was led by Gouri Puri, Partner, with assistance from Rahul Yadav, Counsel; Nimish Malpani, Senior Associate; and Neeladri Chakrabarti, Consultant.
Axis Capital Limited, BNP Paribas, and Nuvama Wealth Management Limited acted as the Book Running Lead Managers for the IPO.
