Khaitan & Co. acted as the legal counsel to the Book Running Lead Managers i.e., Axis Capital Limited, BNP Paribas, ICICI Securities Limited, and Jefferies India Private Limited as to Indian law in connection with the initial public offering of equity shares of Bonfiglioli Transmissions Limited, comprising of an offer for sale by Bonfiglioli S.p.A. (the promoter selling shareholder) of 43,239,042 equity shares aggregating to INR 2,533 crore.
The core team consisted of Abhimanyu Bhattacharya (Partner), Vijayaraghavan (Partner), Anshul Mordia (Senior Associate), Kaushlendra Palawat (Associate), Siddharth Jain (Associate), Hrishi Kapadia (Associate), Sakshi Verma (Associate) and Debarshi Ghosh Dastidar (Associate).
The Company is one of India’s largest technology-led mechanical and electro-mechanical power transmissions and industrial drive solutions providers by revenue in the six months period ended June 30, 2026, and is a part of the Bonfiglioli Group, which has a worldwide presence of nearly 70 years. The Company is entirely owned by Bonfiglioli S.p.A. and its Italian shareholders and hence we had to heavily interact with the Italian team to facilitate the process. The initial public offering of Bonfiglioli Transmissions Limited is the first public listing for the Bonfiglioli Group which spans across 80 countries.
