The Indian Renewable Energy Development Agency (IREDA) has raised ₹2005.9 crore from a qualified institutional placement of 121,466,562 equity shares.

Trilegal advised IREDA on this QIP.

Dentons Link Legal advised DBI Capital Markets & Securities Limited, BNP Paribas, Emkay Global Financial Services, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited, the Book Running Lead Managers, on this QIP.

The transaction team was led by Milind Jha (Partner), and comprised of Shailender Sharma (Partner), Kunal Mehta (Principal Associate), Aashna Batra (Senior Associate), Diksha Chawla (Associate), Kumar Aditya (Associate), Anmay Agarwal (Associate), Kartikeya Tyagi (Associate), Madhuri Pilania (Associate) and Taksh Khanna (Associate).

Hogan Lovells advised on international law aspects of the QIP.

The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner) with support from Kaustubh George (Counsel), Varun Jetly (Counsel), Aditya Rajput (Senior Associate), Sanjana Ravjiani (Associate), and Aditya Dsouza (Associate).

IREDA provides financing, and promotes renewable energy and energy efficiency projects, and is one of the fastest-growing PSU company in the renewable energy sector in India.

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