Asahi India Glass Limited nets Rs 1,000 crore through QIP.
Asahi India Glass Limited has made a qualified institutions placement of 1,18,37,261 equity shares aggregating to ~₹1,000 crore. AZB & Partners represented the company in the transaction. The deal team comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya, assisted by Senior Associate Rajat Chadha and Associates Harsh Vardhan Singh, Vaibhav Kumar Shah, Shivani Singh, and Asit Singh Baghel.
Economic Laws Practice (ELP) advised the lead managers Motilal Oswal Investment Advisors Limited and Axis Capital Limited on this QIP.
The transaction team was led by Geeta Dhania (Partner), and assisted by Himani Sharma (Counsel), Ridhi Jain (Senior Associate), Associates Shreeya Srungarapu, Anusha Agrawal and Arpita Pattnaik.
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Hogan Lovells served as the US legal counsel for the lead managers.
The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Kaustubh George (Counsel), Suchisubhra Sarkar (Senior Associate), and Purva Mishra (Associate).
Asahi India Glass is a leading manufacturer and supplier of architectural float glass in India and offers a comprehensive product range, providing top-tier architectural and automotive glass solutions.
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