Shree Cement Limited’s $430 Million Qualified Institutions Placement

Squire Patton Boggs advised JM Financial and ICICI Securities on the deal.

Shree Cement Limited executed a US$430 million qualified institutions placement (QIP).

JM Financial and ICICI Securities acted as lead managers on the transaction.

Founded in 1979, Shree Cements is India’s third-largest cement manufacturer, with a cement production capacity of 41.9 MTPA (Including overseas) and Power Generation Capacity of 659 MW.

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.

Involved fees earner: Anandee Banerji – Squire Patton Boggs; Biswajit Chatterjee – Squire Patton Boggs; Kaustubh George – Squire Patton Boggs; Nabil Shadab – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: ICICI Securities Ltd.; JM Financial;

Author: Michael Patrini