Avendus Advises KPIT Cummins Infosystems Limited on Preferential Allotment of Equity Shares to Cx Partners and Chryscapital.
KPIT Cummins Infosystems Limited, a leading global IT consulting organisation has received equity investment of Rs 162 crores from CX Partners and ChrysCapital through preferential allotment of 12,960,000 shares for Rs 125 per share.
Avendus Capital was the exclusive financial advisor to KPIT Cummins Infosystems Limited.
About KPIT Cummins Infosystems Limited | CX Partners | ChrysCapital
Established in 1990, KPIT Cummins, a trusted global IT Consulting and product engineering partner, is focused on co-innovating domain intensive technology solutions for Manufacturing corporations (with special focus on Automotive, Hi-Tech & Industrials verticals). KPIT Cummins currently partners with 100+ global Manufacturing corporations including 50+ Original Equipment Manufacturers (OEMs) and Tier1s and has filed 41 patents globally.
CX Partners, launched in 2009, manages a corpus of about USD 515 million. Among the companies in its portfolio is medical textile manufacturer Sutures India and steel company Monnet Ispat, medical diagnostics firm Thyrocare Technologies and electrical products maker NTL Electronics India.
With over 50 investments since 1999, ChrysCapital has valuable experience in investing across a breadth of sectors that leverage growth. ChrysCapital manages USD 2.5 billion across six funds and aspires to build a leading investment firm focused on India. Some of the current portfolio companies of ChrysCapital include ING Vysya Bank, Gammon India, Parksons, Intas Pharma, JMT Auto, Spanco Tele and Amtek Group amongst others.
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