SAM advises the Book Running Lead Managers on the Qualified Institutions Placement of Torrent Power

Shardul Amarchand Mangaldas & Co. advised Kotak Mahindra Capital Company Limited, Jefferies India Private Limited and JM Financial Limited, the book running lead managers on the QIP by Torrent Power Limited (“Torrent”) aggregating to INR 3,500.00 Crores (approximately USD 413.29 million). 

Torrent is one of India’s leading private sector integrated power utility companies with an established presence across power generation, transmission and distribution. Torrent’s QIP was launched and closed on December 2, 2024 and December 5, 2024, respectively. 

The deal was concluded within an accelerated timeline due to high demand and lucrative market conditions for the investment. The firm had also advised the book running lead managers on the JSW Energy Limited’s QIP in April, 2024. 

The transaction team was led by Nikhil Naredi, Partner; Trishita Dasgupta, Counsel; Chinmay Sethia, Senior Associate; Jheel Bhargava, Associate; Manish Soni, Associate; Veronica Miranda, Associate; Avani Sharda, Associate; and Gayathri Krishnan, Associate; Charana Reddy, Associate and Sudekshana Venkatesan, Associate from Infrastructure, Energy and Project Finance team assisted in infrastructure diligence and Ojaswi Shankar, Associate and Ayan Tandon, Associate from Dispute Resolution team helped out on the disputes related matters. 

About Shardul Amarchand Mangaldas & Co: 

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance. The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 800 lawyers including 178 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.