Duane Morris & Selvam Advises the Book Running Lead Managers on Texmaco Rail and Engineering Limited’s INR 7,500 Million Qualified Institutions Placement of Equity Shares

SINGAPORE, 4 December 2023 — Duane Morris & Selvam LLP acted as the special international counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), ICICI Securities Limited and Motilal Oswal Investment Advisors Limited in their capacity as the book running lead managers on Texmaco Rail and Engineering Limited’s INR 7,500 million (US$ 89.9 million) qualified institutions placement of equity shares.

Texmaco Rail and Engineering Limited, part of the Adventz Group, is a diversified heavy engineering, manufacturing rolling stock, hydro mechanical equipment, steel castings, rail EPC, bridges, and other steel structures.

About Duane Morris & Selvam LLP

Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City and Yangon, as well as an office in Shanghai. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.

Disclaimer: This article has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm’s full disclaimer.

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