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AZB & Partners has advised auto component maker Indian Motherson Sumi Systems Ltd (MSSL) on its raising of around $300 million through a qualified institutions placement (QIP) of shares.

Allen & Overy and Trilegal were also involved in the transaction, serving as legal counsel to the bookrunning lead managers, which included JM Financial Institutional Securities Ltd, UBS Securities India Pvt Ltd, ICICI Securities Ltd, IDFC Bank Ltd and IIFL Holdings Ltd. Hong Kong-based partner Amit Singh led the A&O team. 

According to MSSL, it will use the QIP net proceeds to meet general corporate purposes and to achieve goals outlined in its five-year plan.

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