Latham Advises Tenneco Clean Air India on Its US$406 Million IPO

Latham & Watkins has advised Tenneco Clean Air India Ltd. on its US$406 million initial public offering (IPO) on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

This transaction is the latest in a series of Indian IPOs Latham has advised on in recent weeks, following PhysicsWallah’s US$393 million IPO, Pine Labs Limited’s US$440 million IPO, Groww's US$748 million IPO, Tata Capital's US$ 1.75 billion IPO, the largest IPO in India to date this year, and LG Electronics' US$1.3 billion IPO, the third largest IPO in India to date this year.

The Latham team was led by Singapore partner Rajiv Gupta and Hong Kong partner Dominik Sklenar, with associate Jay Watanatornpitak. Advice was also provided on US tax matters by Chicago partner Rene de Vera, with associate Valerie Silva Parra.

About Tenneco Clean Air

Tenneco Clean Air manufactures and supplies critical, highly engineered, and technology intensive clean air, powertrain, and suspension solutions tailored for Indian original equipment manufacturers (OEMs) and export markets. The company is part of the Tenneco Group, a US headquartered key global Tier I automotive component supplier.

About Latham’s India Practice

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.