SINGAPORE, 15 April 2024 – Duane Morris & Selvam LLP acted as special international legal counsel to Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and ICICI Securites Limited in their role as the book running lead managers on the recent qualified institutions placement of ₹2,500 million (USD 30 million) of equity shares of Texmaco Rail & Engineering Limited.
Texmaco Rail & Engineering Limited is involved in the business of manufacturing of rolling stock, such as wagons, coaches, EMUs, loco shells & parts, hi-tech components etc., hydro mechanical equipment, steel castings, rail EPC, bridges, and other steel structures. It is an ISO: 9001-2015, premier multi-discipline, multi-unit engineering and infrastructure company, with six manufacturing units.
Duane Morris & Selvam’s team was led by Jamie Benson, the head of the firm’s U.S. Capital Markets and India practices. The team also included Ananth Balaji Sundararaman, senior associate.
Khaitan & Co acted as the Indian legal counsel to Texmaco Rail & Engineering Limited and J. Sagar Associates acted as the Indian legal counsel to book running lead managers.