Trans-India Acquisition Corporation (“Trans-India” or the “Company”) (AMEX: TIL) completed a public offering of 11,500,000 shares of its common stock at $8.00 per share raising aggregate gross proceeds of $92,000,000. M.M. Dillon & Co. (“Dillon”) acted as Co-Lead Underwriter.
About Trans-India Acquisition Corporation.
Trans-India Acquisition Corporation was blank check company organized for the purpose of acquiring, through merger, capital stock exchange, asset acquisition or other similar business combination transaction, one or more target businesses with operations primarily in India. Given the experience of its management team, the Company intended to seek targets within the life sciences or technology sectors of the Indian economy.
The Company was formed to take advantage of a number of favorable factors combine to make India a uniquely desirable country in which to target business acquisitions. The Indian economy is transitioning from traditional farming and handicrafts to modern agriculture, modernized industries and services. India has become one of the world’s largest democracies, and in recent years, has undergone significant deregulation of certain sectors of its economy.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.