Trilegal advised the merchant bankers, Axis Capital Limited, Credit Suisse Securities (India) Private Limited and Edelweiss Financial Services Limited on the initial offer by Anzen India Energy Yield Plus Trust (“Trust”) of up to 75,000,000 units, representing an undivided beneficial interest at a price of INR 100 per unit, aggregating to INR 7,500 million. The issuance was undertaken by way of a private placement under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”). The Trust has been established to own power transmission and renewable energy assets in India. It is the first infrastructure investment trust from the Edelweiss group. The transaction involved a complex structure, with the Trust acquiring equity and debt securities in two power transmission assets, including through a swap of units of the Trust. As part of the transaction, the Trust also acquired the right of first offer to acquire 12 renewable energy assets from its sponsor and affiliates.
The deal team was led by Partner, Richa Choudhary, and comprised Senior Associates, Avanti Kale, Pooja Sharma and Maitreya Rajurkar, and Associates, Sanya Chaudhari, Aayush Khandelwal, Nidhisha Garg, Urmil Shah and Aditya Bharadwaj.
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.
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