Trilegal Advised On KPI Green Energy's ₹10,000 Million QIP Of Equity Shares
Trilegal Advised On KPI Green Energy's ₹10,000 Million QIP Of Equity Shares
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.
