Kaynes Technology Secures $188 Million in Institutional Placement
Deal News | Jul 25, 2025 | Hogan Lovells
Hogan Lovells, led by Biswajit Chatterjee, Head of the India Practice and Dubai Office Managing Partner, advised Kaynes Technology India Limited on its US$188 million qualified institutions placement. The issue, aimed at raising capital for expansion, was managed by Axis Capital Limited, Motilal Oswal Investment Advisors Limited, and Nomura Financial Advisory and Securities (India) Private Limited. Kaynes Technology operates in the electronics manufacturing services sector in India, catering to industries such as Automotive, Aerospace, Defence, and more. The firm has been recognized for its rapid growth and market presence. Hogan Lovells has a strong presence in India, offering a range of legal services and demonstrating an innovative approach to market challenges.
Sectors
- Electronics Manufacturing
- Legal Advisory
- Investment Banking
Geography
- India – This is the primary geography of Kaynes Technology, where it operates and is based, and it’s also the focus of the market expansion discussed.
- Dubai – Hogan Lovells' team was led by the Dubai Office Managing Partner, indicating a geographical involvement in the transaction from this region.
Industry
- Electronics Manufacturing – Kaynes Technology operates in the electronics manufacturing services sector, providing solutions for various industries including Automotive, Aerospace, and Defence.
- Legal Advisory – Hogan Lovells provided legal advisory services for the transaction, drawing on their expertise in capital markets and India-focused practices.
- Investment Banking – Axis Capital, Motilal Oswal, and Nomura participated as managers in the institutional placement, indicating the involvement of the investment banking sector.
Financials
- US$188 million – The amount raised by Kaynes Technology India Limited through the qualified institutions placement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kaynes Technology India Limited | Target Company | Company | A leading Indian electronics manufacturing service provider involved in the $188 million qualified institutions placement. |
| Hogan Lovells | Legal Advisor | Company | Provided legal advisory services for the institutional placement led by Biswajit Chatterjee. |
| Axis Capital Limited | Manager | Company | One of the financial advisors managing the institutional placement. |
| Motilal Oswal Investment Advisors Limited | Manager | Company | Another financial advisor managing the institutional placement. |
| Nomura Financial Advisory and Securities (India) Private Limited | Manager | Company | Also a financial advisor managing the institutional placement. |
| Biswajit Chatterjee | Head of the India Practice and Dubai Office Managing Partner | Person | Led the Hogan Lovells team for the institutional placement. |