13 Aug 2024


Trilegal advised on the qualified institutions placement of equity shares by Adani Energy Solutions Ltd (“Adani Energy”), aggregating to ~USD 1 billion (“QIP”). This is the largest QIP in the power sector and one of the largest QIPs this year.
Adani Energy is a part of the Adani portfolio, which is among India’s top business houses and is one of the leading players in the transmission and distribution sector and the private sector transmission segment.
The proceeds of the QIP are proposed to be used to fund capital expenditure requirements of certain subsidiaries in relation to setting up transmission systems, purchasing and installing smart meters, and repaying debt of certain borrowings availed by Adani Energy and its subsidiaries. We advised the placement agents – SBI Capital Markets Ltd, Jefferies India Pvt Ltd and ICICI Securities Ltd.
The Capital Markets Trilegal team advising on the deal was led by Partner Richa Choudhary and comprised attorneys Avanti Kale and Maitreya Rajurkar, Counsels; Sanya Chaudhari, Senior Associate; Pooja Tada, Aman Bahl, Urmil Shah, Mathangi K and Archit Jain, Associates.
Media link:
Adani Energy’s $1 bn QIP attracts global, domestic funds – The Hindu BusinessLine
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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