SAM and JSA advised on Craftsman Automation Limited’s Qualified Institutions Placement (QIP) aggregating approximately ₹2,000 crore (US$212 million), through the issuance of 22,98,850 equity shares at a price of ₹8,700 per equity share.
The transaction represents Craftsman Automation’s third significant capital markets fundraising exercise, following its initial public offering in 2021 and an earlier QIP in 2024, reflecting continued investor confidence in the company’s business and growth strategy.
SAM acted as domestic legal counsel to Craftsman Automation Limited.
The SAM Capital Markets team was led by Partners Nikhil Naredi, and Devi Prasad Patel, along with Principal Associate Harsh Loonker, Senior Associate Veronica Miranda, and Associates Najeeb Din and Richa Singh.
JSA advised Axis Capital Limited in relation to the QIP.
The JSA team was led by Partner Arka Mookerjee, with support from Partners Siddhartha Desai, and Ananth Balaji, and Associates Aditya Shendye, Aditya Sureka, Ishika Jain and Sourav Jena.
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