Axis Capital and Jefferies India complete INR 11.03 billion Section 4(a)(2) qualified institutions placement and Regulation S offering by Strides Shasun
Client(s) Axis Capital Limited and Jefferies India Private Limited
Jones Day represented Axis Capital Limited and Jefferies India Private Limited, as underwriters, in connection with the INR 11.03 billion (US$166.5 million) of Equity Shares in a qualified institutions placement pursuant to Section 4(a)(2) and Regulation S of the United States Securities Act of 1933, as amended, by Strides Shasun Limited, a vertically integrated global pharmaceutical company. At the time of completion, this was the largest ever QIP offering by a pharmaceuticals company in India.