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Carlyle Prepares $400 Million IPO for India Auto Unit Highway Roop Precision Technologies
M
Moneycontrol•21-09-2026, 15:55
Carlyle Prepares $400 Million IPO for India Auto Unit Highway Roop Precision Technologies
- •Carlyle Group Inc. is preparing for a potential initial public offering (IPO) of its India-based auto-parts platform, Highway Roop Precision Technologies.
- •The private equity firm is collaborating with Kotak Mahindra Capital Co., JM Financial Ltd., Goldman Sachs Group Inc., and Nomura Holdings Inc. for the share sale.
- •The IPO could raise up to $400 million and is planned for the first half of next year, comprising both primary and secondary shares.
- •Carlyle created Highway Roop Precision Technologies by acquiring controlling stakes in Highway Industries Ltd. and Roop Automotives Ltd. early last year.
- •Roop Automotives Ltd. is a major manufacturer of hot-forged steering yokes, producing 38 million yokes annually in over 200 variations.
Key Questions Answered
Carlyle Group Inc. is preparing for an initial public offering of its India-based auto-parts platform, Highway Roop Precision Technologies, which could raise as much as $400 million.
Carlyle is working with financial institutions including Kotak Mahindra Capital Co., JM Financial Ltd., Goldman Sachs Group Inc., and Nomura Holdings Inc. on the proposed share sale.
The IPO is planned for the first half of next year and will comprise both primary and secondary shares, though details such as size, valuation, and timing are still being finalized.
