TD Power Systems Limited has raised ₹600 crore from a Qualified Institutions Placement of 77,41,935 equity shares.
Trilegal advised TD Power Systems on this QIP, according to the placement document.
CMS INDUSLAW advised Motilal Oswal Investment Advisors Limited, the placement agent, on this QIP.
The transaction team consisted of Mathew Thomas (Partner), Aman Bahl (Senior Associate), Ridhi Jain (Senior Associate), Kirti Gohil (Senior Associate), Associates Preeti Gokhale, Nikita S., Sahil Mehta, Anupriya Dasila and Anushka Pawar.
Hogan Lovells Cadwalader acted as US counsel to Motilal Oswal Investment Advisors on this transaction.
TD Power Systems is a Bengaluru-based manufacturer of AC generators and electric motors.
The QIP represents a significant capital markets transaction for the Company, enabling them to access institutional capital to support its business and growth objectives.
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