Linklaters advised the lead manager on the INR 59bn (approximately US$771m) qualified institutions placement (QIP) for Samvardhana Motherson International Limited (SAMIL), one of the world’s largest manufacturers of components for the automotive industry.

The issuance garnered strong interest from both domestic and foreign institutional investors – reflecting positively on the company’s robust business model. The proceeds from the placement will be utilised to enhance the company’s capital structure and growth strategies.

Part of the Motherson Group, SAMIL was established in 1986 and has been listed on the Indian stock exchanges since 1993. The company is a specialised full-system solutions provider and caters to a diverse range of customers in the automotive and other industries across Asia, Europe, North America, South America, Australia and Africa.

The Linklaters team was led by partner and Head of India Practice Amit Singh, with support from counsel Joseph Wolpin and managing associate Daryl Bryan Chee.

Linklaters has an established reputation as the leading Indian capital markets practice, offering technical expertise and commercial awareness to create novel solutions to maximise investment opportunities. The team supports international clients and leading Indian corporates as they invest both within and outside India across a wide range of sectors, including recently advising on the IPOs of Bajaj Finance Housing and Ola Electric Mobility and the recent qualified institutions placement for Sona BLW Precision Forgings Limited and Vedanta Limited.