05 May 2026
Trilegal advised Apollo in connection with its subscription to US$500 million investment-grade rated senior secured privately placed notes issued by ATSOL Global IFSC Limited, a step-down subsidiary of Adani Energy Solutions Limited, one of India’s largest private-sector power transmission and distribution companies.
The proceeds from the notes issuance will be utilised towards the refinancing of existing indebtedness and funding capital expenditure requirements.
The transaction was undertaken through an innovative GIFT City-based financing framework, leveraging a global treasury centre structure. This is one of the first ever transactions to utilise such a structure and marks an important milestone in the evolution of financing solutions emerging from GIFT City.
This transaction further underscores the growing significance of GIFT City as a global financial hub and highlights the increasing sophistication of cross-border financing structures being implemented through the IFSC ecosystem.
The Trilegal Capital Markets team advising on the matter was led by Partner: Richa Choudhary; and comprised Partner: Maitreya Rajurkar; Counsel: Avanti Kale; and Associates: Siddhant Mishra and Srishti Multani.
The Trilegal Corporate team advising on the matter was led by Partner: Kunaal Shah; and comprised Counsel: Namesha Singh.
The Trilegal Projects team was led by Partner: Neeraj Menon; and comprised Counsel: Kaneeka Mehta; and Senior Associate: Arsh Jha.
The Trilegal Disputes teams were led by Partners: Vishrov Mukerjee, Siddharth Ranade, and Janmali Manikala; and comprised Counsel: Nishi Bhankharia and Yashaswi Kant; and Associates: Anumeha Smiti, Snehal Upadhyay, and Gaurav Jain.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 157 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,300 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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