Deal: IPO of Divgi TorqTransfer Systems Limited

Trilegal advised Divgi TorqTransfer Systems Limited on its initial public offering of equity shares (Offer). The Offer comprised a fresh issue of equity shares and an offer for sale by the Selling Shareholders, which included Nandan Nilekani’s Family Trust and the Oman India Joint Investment Fund. This is the first initial public offering to hit the Indian markets in 2023.

Divgi TorqTransfer Systems Limited is a leading automotive component manufacturer and is amongst the very few suppliers in India who have the capability to develop and provide system level transfer case, torque couplers and DCT solutions.

The Trilegal team advising on the matter was led by Bhakta Patnaik, and comprised Counsel Albin George Thomas, Senior Associates Arjun Rastogi and Bhargavi Mahajan, and Associates, Anjanesh Vatsa, Jahanvi Jain and Anoushka PV.

Media Link:

https://www.livemint.com/market/ipo/divgi-torqtransfer-systems-ipo-gmp-jumps-ahead-of-share-listing-date-11678686692874.html

https://www.business-standard.com/article/markets/divgi-torqtransfer-systems-prices-its-ipo-between-rs-560-590-per-share-123022701052_1.html

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com