Cyril Amarchand Mangaldas has advised Adani Energy Solutions Limited (AESL) on its qualified institutions placement of equity shares aggregating to INR 3,500 crore (approx.). Trilegal and A&O Shearman acted as the domestic and international legal counsel for the book running lead managers on this transaction.
SBI Capital Markets Limited, ICICI Securities, IIFL Capital Services and Jefferies India acted as book running lead managers on this QIP.
The proceeds from the QIP are proposed to be used towards funding the capital expenditure requirements of certain subsidiaries, repayment of certain borrowings availed by Adani Energy Solutions and its subsidiaries and to fund inorganic growth through unidentified acquisitions. The QIP was oversubscribed by more than three times.
CAM’s transaction was led by partner (regional co-head – capital markets – west) Devaki Mankad, with support from principal associate Rishav Buxi, senior associate Anuj Gupta, and associates Archit Jain, Arikta Shetty, Aditya Maheshwari, Akshat Sharma and Aria Sheth.
Trilegal’s deal team was led by partners Richa Choudhary and Maitreya Rajurkar, and comprised counsel Avanti Kale, senior associate Sanya Chaudhari, and associates Samruddhi Varma, Harsh Handa and Shreyansh Gupta.
A&O Shearman’s transaction was led by partners Pallavi Gopinath Aney and Kyungwon (Won) Lee, with support from senior associate Nabil Shadab and associate Shinjan Alok.
