APAR Industries Limited has successfully raised ₹2,500 crore through a Qualified Institutional Placement (QIP) involving the issuance of 16,88,618 equity shares. The legal expertise for this significant transaction was provided by Trilegal, TT&A, and Hogan Lovells Cadwalader, each advising different stakeholders involved in the process.
Trilegal’s Role in the Transaction
Trilegal acted as legal counsel for APAR Industries, guiding the company through the intricacies of the QIP. The team from Trilegal was spearheaded by Partners Bhakta Patnaik and Albin Thomas. They were ably supported by Counsel Malika Grewal, Senior Associate Jahanvi Jain, and Associates Bhoomi Sandesara, Snehal Kaushal, Mukund Bali, and Amisha Dubey. Their combined expertise ensured a smooth execution of the transaction.
TT&A’s Contribution
TT&A provided legal advisory services to the lead managers, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited. The TT&A team was led by Partner Abhinav Kumar, along with Managing Associate Shubham Sancheti, Senior Associate Aditya Jain, and Associates Akshita Sharma, Mihika Ambikar, and Swati Tirkey. Their efforts were instrumental in facilitating the successful management of the QIP.
International Counsel from Hogan Lovells Cadwalader
Hogan Lovells Cadwalader served as the International Counsel for the lead managers. The team was led by Biswajit Chatterjee, who is the Head of the India Practice and Managing Partner of the Dubai Office. His leadership and expertise in international transactions added significant value to the process.
APAR Industries’ Market Position
According to CRISIL, APAR Industries is recognized as India’s largest player in the sales of conductors for Fiscal 2026 and a leading exporter of cables and conductors. Additionally, it is one of the top manufacturers of cables for renewable energy in India as of Fiscal 2026. The capital raised through this QIP is earmarked for funding working capital requirements and general corporate purposes, aligning with the company’s strategic growth plans.
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