Law firms CAM, Khaitan, and Hogan Lovells provide legal counsel for Navin Fluorine International's ₹750 crore Qualified Institutional Placement (QIP)
Navin Fluorine International Limited (NFIL), a prominent player in the chemicals industry, recently completed a Qualified Institutions Placement (QIP) worth ₹750 crore (INR 7,500 million) on July 11, 2025[2][3]. The transaction was supported by a team of legal experts from renowned law firms.
NFIL, a company that specializes in the production of specialty fluorochemicals, primarily manufactures refrigeration gases, inorganic fluorides, and specialty organofluorines[5]. With operations extending to the UK and other international markets, the company caters to a diverse range of industries.
In the QIP, Cyril Amarchand Mangaldas (CAM) served as the legal advisor to NFIL. The transaction team was led by Yash J. Ashar, Senior Partner, and Janhavi Manohar, Partner. Rushab Dhandokia, Principal Associate, Ankesh Kumar, Senior Associate, Harsha Menon, Associate, Prakhar Jain, Associate, and Jayadeep Manchikalapudi, Associate, also contributed to the team[1][2][3].
JM Financial, the sole Book Running Lead Manager, received legal advice from Khaitan & Co and Hogan Lovells (Middle East) LLP. Khaitan & Co advised JM Financial on the QIP, while Hogan Lovells (Middle East) LLP acted as international legal counsel, specifically addressing selling and transfer restrictions[1][4].
The following is a summary of the roles and legal advisors involved in the QIP:
| Party | Role | Legal Advisor(s) | |------------------------|--------------------------------------|----------------------------------------------| | Navin Fluorine | Issuer/Company | Cyril Amarchand Mangaldas | | JM Financial | Sole Book Running Lead Manager | Khaitan & Co | | JM Financial | International selling/transfer issues | Hogan Lovells (Middle East) LLP |
The QIP marks a significant milestone for NFIL, further establishing its position as a reliable global leader in organo-fluorine chemistry. The successful placement underscores the company's strong financial position and growth potential in the chemicals industry.
[1] https://www.barandbench.com/news/litigation/navin-fluorine-international-limited-qip-750-crore-legal-advisors-cyril-amarchand-mangaldas-khaitan-co-hogan-lovells-middle-east-llp-168473 [2] https://www.livemint.com/companies/news/navin-fluorine-international-raises-rs-750-crore-through-qip-11626099249795.html [3] https://economictimes.indiatimes.com/news/company/corporate-trends/navin-fluorine-international-raises-rs-750-crore-through-qip/articleshow/91483304.cms [4] https://www.barandbench.com/news/litigation/navin-fluorine-international-limited-qip-750-crore-legal-advisors-khaitan-co-hogan-lovells-middle-east-llp-168473 [5] https://www.navinfluorine.com/products.html
NFIL, with its strong financial standing, is poised to continue its growth and dominance in the competitive chemicals industry, thanks to the QIP transaction in the finance sector. This strategic business move was supported by legal experts from both Cyril Amarchand Mangaldas and Hogan Lovells (Middle East) LLP.
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