Overview

• The entire Rs 3,000 crore issue is an offer-for-sale with no fresh equity, directing all proceeds to existing promoters in Mauritius.
• Tenneco Mauritius Pvt. is offloading up to Rs 3,000 crore of its stake in the public offering.
• JM Financial, Citigroup Global Markets India, Axis Capital and HSBC Securities and Capital Markets (India) have been appointed as book-running lead managers.
• As a subsidiary of the U.S.-based Tenneco Group, the company has operated in India since 1979 with 12 manufacturing plants serving 119 customers across leading OEMs.
• In fiscal 2024–25, Tenneco Clean Air India reported Rs 4,890 crore in revenue, a 10.6% decline year-on-year, and a 32.7% jump in profit after tax to Rs 552 crore.