SINGAPORE, 5 November 2024 — Duane Morris & Selvam LLP acted as the U.S. counsel to ICICI Securities and Nomura Financial Advisory & Securities (India) in their role as the book running lead managers on the recent sale of approximately Rs. 12,000 million (US$143 million) of shares in Sansera Engineering Limited in a qualified institutions placement (QIP), including concurrent private placements outside India.
Sansera Engineering is an engineering-led manufacturer of complex and critical precision-engineered forged and machined components across automotive and non-automotive sectors. Its shares are listed on the BSE and NSE.
Duane Morris & Selvam’s team was led by Jamie Benson, the head of the firm’s U.S. capital markets, U.S. venture capital and India practices. The deal team also included Ananth Balaji Sundararaman, senior associate, Ming Ze Yeo, associate, and Alison Lewis, associate.
Commenting on this deal, Jamie Benson, stated:
“I was pleased we advised on this deal, having also advised the BRLMs on the sale of Rs. 12,830 million (US$173 million) of shares in Sansera Engineering’s in an IPO in India and concurrent private placements outside India, including in the U.S., in 2021.”
Khaitan & Co acted as Indian counsel to Sansera Engineering and JSA acted as Indian counsel to ICICI Securities and Nomura Financial Advisory & Securities (India).
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.