Cyril Amarchand Mangaldas, Trilegal act on Adani Enterprises ₹15,000 crore QIP

Adani Enterprises Limited has raised ₹15,000 crore from a qualified institutional placement of equity shares.

Cyril Amarchand Mangaldas advised Adani Enterprises on this QIP.

The transaction was led by Devaki Mankad (Partner, Regional Co-Head - Capital Markets - West), with support from Rishav Buxi (Principal Associate), Adwait Deshmukh (Senior Associate); Associates Archit Jain, Arikta Shetty, Janhavi Deshmukh, Harsha Menon, Akshat Sharma and Sajal Soni.

Trilegal advised the placement agents, SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited and Jefferies India Private Limited, and on this QIP.

The transaction was led by Richa Choudhary (Partner) and Maitreya Rajurkar (Partner), with support from Avanti Kale (Counsel), Aayush Khandelwal (Senior Associate) and Associates Siddhant Mishra, Adya Singh, Arnab Goswami, Samruddhi Varma, and Shreyansh Gupta.

Both the Firms had previously advised on the 2024 QIP on Adani Enterprises.

The proceeds of the QIP are proposed to be used towards funding the capital expenditure requirements of certain subsidiaries, repayment of certain borrowings availed by Adani Enterprises and its subsidiaries and to fund inorganic growth through unidentified acquisitions.

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