Cyril Amarchand Mangaldas Advised Adani Energy Solutions On ₹8,373.10 Cr QIP
Cyril Amarchand Mangaldas advised Adani Energy Solutions Ltd. (previously known as Adani Transmission Limited) (Company)
Cyril Amarchand Mangaldas Advised Adani Energy Solutions On ₹8,373.10 Cr QIP
Cyril Amarchand Mangaldas advised Adani Energy Solutions Ltd. (previously known as Adani Transmission Limited) (Company) on its recent qualified institutional placement (QIP) of equity shares aggregating to ₹8,373.10 crores (the Issue).
The Issue opened on July 30, 2024, and closed on August 2, 2024, and the allotment pursuant to the Issue was completed on August 3, 2024.
SBI Capital Markets Limited, Jefferies India Private Limited and ICICI Securities Limited acted as book running lead managers to the Issue.
This is Company’s first equity fund raise since its demerger and listing. Further, this is one of the largest equity fund raise by way of a QIP by any company in India’s power sector as well as one of the largest fund raise by way of a QIP in India.
Cyril Amarchand Mangaldas Capital Markets team advising on the transaction included Partners Yash J. Ashar and Devaki Mankad, Senior Associates Jhalak Shah and Rishav Buxi, and Associates Hitesh Nagpal, Arikta Shetty, and Lajja Mehta.