Trilegal advised on the qualified institutions placement of equity shares by Adani Enterprises.

Adani Enterprises is a part of the Adani group, which is among India’s top business houses with an integrated energy and infrastructure platform in India and a long track record of successfully executing large-scale projects. It is also one of India’s largest listed business incubators, driven by the philosophy of incubating businesses in four core industry sectors – energy and utility, transportation and logistics, consumer, and primary industry.

This is the 2nd QIP from the Adani Group this year, closely following the QIP by Adani Energy Solutions, where Trilegal advised as well.

The proceeds of the QIP are proposed to be used to fund capital expenditure requirements in relation to the energy ecosystem, upgrading the airport infrastructure, construction of a greenfield expressway, setting up of a PVC plant, and repayment of certain borrowings.

We advised the placement agents – SBI Capital Markets Limited, Jefferies India Private Limited and ICICI Securities Limited.

The Trilegal team advising on the deal was led by our Capital Markets Partner, Richa Choudhary, and comprised Avanti Kale and Maitreya Rajurkar, Counsels; Sanya Chaudhari, Senior Associate; Pooja Tada and Archit Jain, Associates.

Media coverage

https://economictimes.indiatimes.com/markets/stocks/news/adani-enterprises-raises-500-million-through-qip-issue/articleshow/114331257.cms?from=mdr

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 get in touch with

Anoop Siddak Singh Tuli
Mob: +91-9535377422 | BD@trilegal.com

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