25 Jun 2026
Trilegal advises on QIP of equity shares by JSW Infrastructure aggregating to ~ INR 75 billion
01 Jul 2026
01 Jul 2026
Trilegal advised on the qualified institutions placement of equity shares by JSW Infrastructure Limited (“JSW Infrastructure”) aggregating to ~ INR 75 billion.
JSW Infrastructure is the fastest-growing ports and logistics company in India and the second-largest commercial port operator. Trilegal had also advised on the initial public offering of JSW Infrastructure, continuing its role as trusted counsel to the company on this landmark follow-on capital raise.
Trilegal advised the placement agents, which included JM Financial Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited.
Why this stands out:
This is the first-ever QIP in India comprising both a fresh issue and an offer for sale. Sajjan Jindal Family Trust participated as the promoter selling shareholder in the offer for sale, enabling JSW Infrastructure to meet the minimum public shareholding requirement while simultaneously raising fresh capital.
The transaction marks a significant milestone in the evolution of India’s capital markets by establishing a new structuring template that enables listed companies to achieve minimum public shareholding compliance while addressing their funding requirements through a single transaction.
The QIP also reflects strong investor confidence in India’s macroeconomic growth story and the country’s expanding infrastructure sector.
The proceeds of the QIP are proposed to be used towards funding the capital expenditure requirements of certain subsidiaries for the development of their ongoing projects and the repayment of certain borrowings availed by JSW Infrastructure and its subsidiaries.
The Trilegal Capital Markets team advising on the deal was led by Partners: Richa Choudhary and Maitreya Rajurkar; and comprised Senior Associates Sanya Chaudhari and Shivayana Balodia; and Associates: Dinank Bhanot and Sakshi Nalawade.
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.
Trilegal advises Emerald Jewel Industry India on its proposed IPO
Deal: Trilegal advised Eswari Global Metal Industries on its proposed IPO comprising a fresh issue of up to INR 5,000 million and offer for sale of 13,209,451 Equity Shares by the Selling Shareholders
Deal: Trilegal advised CRED on USD 900 million investment by Meta and Kunal Shah’s transition to a global leadership role at Meta
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:
We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:
For more information, please read our terms of use and our privacy policy.
