PRESS RELEASE
28 April 2026

Rights Issue Of TIL Limited And Acquisition Of A Majority Stake In Tulip Compression Private Limited

J
JSA

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
JSA Advocates & Solicitors (JSA) advised TIL Limited in relation to the rights issue of equity shares by TIL Limited, as well as the acquisition of a majority stake in Tulip Compression Private Limited (“TCPL”).
India

JSA Advocates & Solicitors (JSA) advised TIL Limited in relation to the rights issue of equity shares by TIL Limited, as well as the acquisition of a majority stake in Tulip Compression Private Limited ("TCPL").

TIL Limited is a niche heavy-equipment and defence engineering company, and one of the few manufacturers in India with indigenous mobile crane manufacturing capabilities. With a legacy dating back to 1944, the company has established a strong presence in the engineering and infrastructure sectors. TCPL is engaged in the business of packaging, assembly, commissioning and lifecycle maintenance of gas compression equipment, for compressed natural gas and liquified natural gas applications

The JSA transaction team was led by Vikram Raghani, Partner, along with Farah Titina, Principal Associate, Tavishi Chandra, Senior Associateand Yagnesh Sharma, Associate.

The JSA capital markets team was led by Arka Mookerjee, Partner, along with Pracheta Bhattacharya, Partner and Sourav Modi, Partner,supported by Prateek Khandelwal, Associate and Ishika Jain, Associate.

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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