Khaitan & Co, Trilegal, Linklaters act on JSW Infrastructure ₹7,502 crore QIP

JSW Infrastructure Limited has raised ₹7,502.694 crore from a Qualified Institutions Placement of equity shares.

Khaitan & Co advised JSW Infrastructure and Sajjan Jindal Family Trust, the Promoter Selling Shareholder, on this QIP.

The transaction team consisted of Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Vaibhav Mittal (Partner), and Associates Sairandhri Nawale, Siddharth Jain and Ayesha Khosla.

Trilegal advised the placement agents, which included JM Financial, Avendus Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), Jefferies India and SBI Capital Markets, on this QIP.

The transaction was led by Richa Choudhary (Partner) and Maitreya Rajurkar (Partner), with support from Sanya Chaudhari (Senior Associate), Shivayana Balodia (Senior Associate), and Associates Dinank Bhanot and Sakshi Nalawade.

Linklaters served as the international legal counsel for the placement agents.

The transaction was led by by Amit Singh (Partner and Head of India practice).

This is the first-ever QIP in India comprising both a fresh issue and an offer for sale. Sajjan Jindal Family Trust participated as the promoter selling shareholder in the offer for sale, enabling JSW Infrastructure to meet the minimum public shareholding requirement while simultaneously raising fresh capital.

JSW Infrastructure is the fastest-growing ports and logistics company in India and the second-largest commercial port operator.

The proceeds of the QIP are proposed to be used towards funding the capital expenditure requirements of certain subsidiaries for the development of their ongoing projects and the repayment of certain borrowings availed by JSW Infrastructure and its subsidiaries.

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