24 Sep 2025 | 3 Mins Read
Dhoot Transmission picks banks for $250 million IPO
Flipitmoney
Dhoot Transmission Ltd, a Bain Capital-backed automotive-parts maker, is arranging an initial public offering in Mumbai with four banks: Axis Bank, Kotak Mahindra Bank, Jefferies Financial Group, and Nomura Holdings. The IPO, expected to raise $250 million, may value the company at $1.5 billion. Bain has a 49% stake in Dhoot.