Trilegal advised the Issuer, Techno Electric & Engineering Company Limited (“Techno Electric“) on its Qualified Institutions Placement (QIP) of 86,80,555 equity shares of face value of ₹2 each, priced at ₹1,440 per equity share, aggregating to INR 1,250 crores. The preliminary placement document was filed on July 16, 2024 and the placement document was filed on July 19, 2024 with the stock exchanges.
Techno Electric is one of the leading engineering, procurement, and construction (EPC) service providers, having workforce capabilities and technical know-how of providing EPC services across all aspects of conventional energy and renewable energy, including power generation, transmission and distribution. Their services encompass the entire project lifecycle, from conceptualisation and design to procurement, construction and commissioning.
This is the first qualified institutions placement by Techno Electric.
The Trilegal Capital Markets team was led by our Partner Abhinav Maker and comprised attorneys Ajo Jomy, Senior Associate; and Pranav Gupta and Anumeha Agrawal, Associates.
About Trilegal
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 India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 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.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com
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