Apar Industries Limited has raised ₹2,500 crore from a Qualified Institutional Placement of 16,88,618 equity shares.
Trilegal advised Apar Industries on this QIP.
The transaction was led by Bhakta Patnaik (Partner) and Albin Thomas (Partner), with support from Malika Grewal (Counsel), Jahanvi Jain (Senior Associate) and Associates Bhoomi Sandesara, Snehal Kaushal, Mukund Bali, and Amisha Dubey.
TT&A advised ICICI Securities Limited and Motilal Oswal Investment Advisors Limited, the lead managers, on the QIP.
The transaction team consisted of Abhinav Kumar (Partner), Shubham Sancheti (Managing Associate), Aditya Jain (Senior Associate), Associates Akshita Sharma, Mihika Ambikar and Swati Tirkey.
Hogan Lovells Cadwalader acted as International Counsel for the lead managers.
The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner).
APAR Industries is India’s largest player in terms of sales of conductors in Fiscal 2026, one of the leading exporters of cables and conductors from India in Fiscal 2026 and one of the largest cable manufacturers for renewables in India as of Fiscal 2026, as per CRISIL.
The proceeds of the QIP are proposed to be utilised towards funding working capital requirements and general corporate purposes.
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