Cyril Amarchand Mangaldas, Trilegal, A&O Shearman act on Adani Energy Solutions ₹3,500 crore QIP

Adani Energy Solutions Limited has raised ₹3,500 crore from a qualified institutions placement.

Cyril Amarchand Mangaldas advised Adani Energy Solutions 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), and Associates Archit Jain, Arikta Shetty, Janhavi Deshmukh, Harsha Menon, Akshat Sharma and Sajal Soni.

Trilegal advised the placement agents, which included SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited and Jefferies India Private Limited.

The transaction was led by Richa Choudhary (Partner) and Maitreya Rajurkar (Partner), with support from Avanti Kale (Counsel), Sanya Chaudhari (Senior Associate) and Associates, Samruddhi Varma, Harsh Handa, and Shreyansh Gupta.

A&O Shearman acted as the international legal counsel to the placement agents.

The transaction was led by Pallavi Gopinath Aney (Partner) and Kyungwon (Won) Lee (Partner), with support from Nabil Shadab (Senior Associate) and Shinjan Alok (Associate).

Adani Energy Solutions is one of India's leading integrated energy solutions providers, with operations spanning transmission, distribution, smart metering, centralized cooling and energy solutions. The Company is also India's largest private-sector transmission company.

The QIP was oversubscribed by more than three times. Proceeds from the QIP are proposed to be used towards funding the capital expenditure requirements of certain subsidiaries, repayment of certain borrowings availed by Adani Energy Solutions and its subsidiaries and to fund inorganic growth through unidentified acquisitions.

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