Hogan Lovells Advised On US$353 Million Qualified Institutions Placement By CG Power & Industrial Solutions Limited

Hogan Lovells Advised on US$353 Million Qualified Institutions Placement by CG Power & Industrial Solutions Limited

The leading global law firm Hogan Lovells acted as US counsel to the book running lead managers on the issuance of equity share capital aggregating US$353 million by way of a qualified institutions placement (QIP) by CG Power & Industrial Solutions Limited. This is one of the largest equity fundraisings in India’s industrial manufacturing sector.

CG Power & Industrial Solutions Limited, part of the Murugappa Group, is an engineering conglomerate focused on power and industrial equipment.

The Hogan Lovells Capital Markets team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Kaustubh George, Varun Jetly, Aditya Rajput, Suchisubhra Sarkar, Aditya Dsouza, Sanjana Ravjiani, Komal Israni, and Purva Mishra.

The issue was managed by DAM Capital Advisors, IIFL Capital Services, and HSBC Securities and Capital Markets (India).

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