Saraf and Partners | View firm profile
Saraf and Partners advised on the issue of 2,31,16,407 fully paid-up equity shares aggregating to ₹ 24,988.84 lakhs on a rights basis in the ratio of 1 rights equity share for every 11 fully paid-up equity shares by JTEKT India Limited (“Company”) at an issue price of ₹108.10. The promoters of the Company, namely, JTEKT Corporation, JTEKT Column Systems Corporation and Maruti Suzuki India Limited subscribed 100% to their rights entitlement. The proceeds from the Issue will be used towards funding for construction of infrastructure for setting up a production facility in Gujarat, capital expenditure towards purchase of equipment and machinery for the Dharuhera, Haryana plant and repayment of certain borrowings. Systematix Corporate Services Limited acted as an advisor and underwriter to the Issue.
Our transaction team was led by our Partner, Mathew Thomas.