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.
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