Squire Patton Boggs advised Axis Capital and Ambit Capital on the deal.
Cholamandalam Investment and Finance Company Limited (Chola) executed a US$130 million qualified institutions placement (QIP).
Axis Capital and Ambit Capital acted as lead managers.
Cholamandalam Investment is a non-banking financial services company which is part of the Murugappa Group, a diversified Indian conglomerate with 28 businesses and operations across India, Russia, China and South Africa.
The Squire Patton Boggs team was led by US securities partner and co-head of the firm’s India Practice Biswajit Chatterjee (Picture), assisted by senior associate Kaustubh George and associates Nabil Shadab and Anandee Banerji.
Law Firms: Squire Patton Boggs;