Cyril Amarchand Mangaldas and Khaitan & Co advised on the qualified institutions placement by Navin Fluorine International Ltd. aggregating up to ₹750 crores.
Cyril Amarchand Mangaldas advised Navin Fluorine International Ltd. (NFIL) on its qualified institutions placement of equity shares (QIP) aggregating to ₹ 7,500 million. JM Financial CAM acted as the placement agent to the QIP. NFIL operates one of the largest fluorination facilities in India and is one of India’s largest manufacturers of some fluorine based acids and one of the world’s largest manufacturers of some fluorine based gases. The allotment of equity shares pursuant to the QIP was completed on July 11, 2025.
The transaction team comprised Yash J. Ashar, Janhavi Manohar, Rushab Dhandokia, Ankesh Kumar, Harsha Menon, Prakhar Jain and Jayadeep Manchikalapudi.
Khaitan & Co advised the Book Running Lead Manager – JM Financial on the QIP by Navin Fluorine International Ltd. aggregating up to INR 750 crores.
The deal team included Sudhir Bassi, Gautham Srinivas, Sathvik Ponnappa, Abhishek Singh, Vaishnavi Gupta, Anubhav Jaiswal, Dharini Shanker, and Mainak Pani, Pulkit Singh Rahangdale, Ujwal Zutshi, and Harshitha Kiran Nagunuri.
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