Saatvik Green Energy Limited has raised ₹900 crore from an initial public offering of equity shares, comprising both a fresh issue and an offer for sale.
AZB & Partners recently advised and represented Saatvik Green Energy on this IPO.
The transaction team consisted of Varoon Chandra (Senior Partner), Agnik Bhattacharyya (Senior Partner) and Associates, Tanaiy Tewari, Harsh Vardhan Singh, Damini Mathur, Shivani Singh, Vaibhav Kumar Shah and Vinayak Gupta.
Khaitan & Co advised the Book Running Lead Managers DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited, on this IPO.
The transaction team included Gautham Srinivas (Partner), Sathvik Ponnappa (Partner), Sanjeev Chowdhary (Principal Associate), Vaishnavi Gupta (Senior Associate), Sarvesh Sharma (Associate), Shambhavi Gautam (Associate), Vidushi Tanya (Associate), Naman Seth (Associate) and Swadha Swaroop (Associate).
Hogan Lovells served as international legal counsel to the BRLMs.
The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Kaustubh George (counsel), and Sanjana Ravjiani (associate).
Saatvik Green Energy is one of the fastest growing solar module manufacturing companies in India and has established themselves as a key player in India’s solar energy market. With a state-of-the-art manufacturing facilities in Ambala, Haryana, Saatvik boasts an impressive production capacity of 3.8GW annually.
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