03 Aug 2026
Trilegal advises on Adani Energy Solutions’ INR 3,500 crore QIP
03 Aug 2026
03 Aug 2026
Trilegal advised on the qualified institutions placement (“QIP”) of equity shares by Adani Energy Solutions Limited (“AESL”), aggregating to INR 3,500 crore.
AESL, a part of the Adani portfolio, is one of India’s leading players in the transmission and distribution sector and India’s largest private sector transmission company.
The QIP reflects strong investor confidence in India’s power transmission and distribution sector, which continues to benefit from rising electricity demand, accelerated renewable energy integration, grid modernisation initiatives and sustained public and private investment in energy infrastructure.
Following the QIP by Adani Enterprises Limited on which we advised, this results in a total of INR 18,500 crores being raised by the Adani portfolio from equity capital markets through the QIP route in Q2FY27.
The proceeds of the QIP are proposed to be used towards funding the capital expenditure requirements of certain subsidiaries, repayment of certain borrowings availed by AESL and its subsidiaries and to fund inorganic growth through unidentified acquisitions.
Trilegal advised the placement agents, which included SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Jefferies India Private Limited.
The Trilegal Capital Markets team advising on the deal was led by Partners: Richa Choudhary and Maitreya Rajurkar; and comprised Counsel: Avanti Kale; Senior Associate: Sanya Chaudhari; and Associates, Samruddhi Varma, Harsh Handa, and Shreyansh Gupta.
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 161 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 Law Firm of the Year at the ET Global Legal Awards2026, 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.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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