Trilegal Advises on Record QIP Offering by Hitachi Energy India Limited
at 04:14 PM IST
Overview of the Qualified Institutions Placement
In a landmark move for the financial landscape in India, Trilegal has provided expert legal counsel to the book running lead managers, ICICI Securities Limited and HSBC Securities and Capital Markets (India) Private Limited, during the qualified institutions placement (QIP) process for Hitachi Energy India Limited. This transaction involved the issuance of 21,90,688 equity shares with a nominal value of ₹2 each, amounting to approximately USD 300 million.
Significance of the Transaction
This QIP stands out as the most substantial offering of its type in India for the current calendar year, underscoring the robust interest of institutional investors in equity markets.
Trilegal’s Role in the QIP
The Trilegal team that managed this significant legal advisory was led by Partner Vijay Parthasarathi. Supporting him were Associates Harshvardhan Lahiri, Lajja Mehta, Kohsheen Saraf, Samarth Bharadwaj, and Sanath Rajesh. Together, they navigated the complexities of this high-profile financial transaction.
About Trilegal
Trilegal is recognized as one of India’s premier law firms, providing a comprehensive range of corporate legal services. The firm operates in four major cities across India, drawing on deep expertise to support their clients in various sectors.
