Auto elements’ agency Sona Comstar is about to launch an IPO for elevating round Rs. 6000 crore. The corporate is backed by American PE large Blackstone that has a 66 p.c stake within the agency whereas the remaining is held by Sunjay Kapur, chairman of the corporate.
This would be the largest IPO from an auto elements agency and the second by the Blackstone backed agency. Earlier,in January, Blackstone backed Aadhar Housing Finance filed papers with SEBI to provide you with an IPO for elevating Rs. 7300 crore.
Funding banks Credit score Suisse, Nomura, JP Morgan, JM Monetary, and Kotak Mahindra Capital, are the book-runners for the problem.
Sona Constar is into designing, manufacturing and supplying of automotive methods and elements together with Differential Assemblies, Differential Gears, Standard and Micro-Hybrid Starter Motors and Motor Management Models to automotive OEMs throughout the US, Europe, India and China, for each electrified and non-electrified powertrain segments, in response to the corporate web site.
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