22 Aug 2024
The QIP saw a strong response from various marquee investors including Morgan Stanley Asia (Singapore) Pte. Ltd, BofA Securities Europe SA- ODI, Goldman Sachs (Singapore) Pte. Ltd, Goldman Sachs Investments (Mauritius) I Ltd and SBI General Insurance Company Limited.
KPI Green is a renewable energy player focused on expanding power generation capacities to deliver reliable energy and help expedite India’s march to a net-zero carbon future, and a part of the KP group, a prominent business group with significant experience in the renewable energy sector. It is also one of the leading renewable energy power producers in the solar and hybrid segment in Gujarat. This was the second QIP undertaken by KPI Green. Trilegal advised KPI Green on its first QIP in December 2023.
SBI Capital Markets Limited acted as the placement agent on the QIP. The proceeds of the QIP are proposed to be used for repayment of debt of certain borrowings availed by KPI Green and funding its working capital requirements.
The Trilegal Capital Markets team advising on the deal was led by Partner, Richa Choudhary, and comprised Maitreya Rajurkar, Counsel; Sanya Chaudhari, Senior Associate; Aman Bahl and Mathangi K., Associates.
Media coverage:
KPI Green gains on concluding Rs 1,000 cr QIP of equity shares (Business Standard)
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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