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

Latham & Watkins advised Tenneco Clean Air India Ltd. on its US$406 million initial public offering on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The offering raised US$406 million and was listed on both the BSE and NSE. This transaction is the latest in a series of Indian IPOs on which Latham & Watkins has advised 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). 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 for export markets. The company is part of the Tenneco Group, a US‑headquartered global Tier I automotive component supplier. Latham & Watkins represented client(s) Tenneco Clean Air India Ltd. with a team composed by: Rajiv Gupta, Singapore partner; Dominik Sklenar, Hong Kong partner; Jay Watanatornpitak, associate; Rene de Vera, Chicago partner (advised on US tax matters); Valerie Silva Parra, associate (advised on US tax matters).

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

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