JSW Infrastructure Limited successfully raised ₹7,502.694 crore through a Qualified Institutions Placement (QIP) of equity shares. This landmark transaction marks the first-ever QIP in India to include both a fresh issue and an offer for sale, with the Sajjan Jindal Family Trust, acting as the promoter selling shareholder.
Legal advisory for JSW Infrastructure and the Sajjan Jindal Family Trust was provided by Khaitan & Co, with a team led by Executive Director Sudhir Bassi and Partner Madhur Kohli, alongside Partner Vaibhav Mittal. They were supported by Associates Sairandhri Nawale, Siddharth Jain, and Ayesha Khosla.
Trilegal provided counsel to 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. The Trilegal team was spearheaded by Partners Richa Choudhary and Maitreya Rajurkar, with assistance from Senior Associates Sanya Chaudhari and Shivayana Balodia, as well as Associates Dinank Bhanot and Sakshi Nalawade.
Linklaters acted as the international legal counsel for the placement agents, with the transaction being led by Amit Singh, Partner and Head of India Practice.
The proceeds from this QIP are earmarked for capital expenditure on ongoing projects and the repayment of certain borrowings by JSW Infrastructure and its subsidiaries. This strategic move also helps JSW Infrastructure meet the minimum public shareholding requirement, while simultaneously raising fresh capital.
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JSW Infrastructure stands as India’s fastest-growing ports and logistics company and holds the position as the second-largest commercial port operator in the country.
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