Latham Advises on Adani Energy Solutions’ Qualified Institutional Placement

Latham & Watkins has advised the bookrunning lead managers, SBI Capital Markets Limited, Jefferies India Private Limited, and ICICI Securities Limited, on the INR 8,373 crores (US$1 billion) Qualified Institutional Placement (QIP) by Adani Energy Solutions Limited, the largest in India's power sector.

The Latham team was led by Singapore partner Rajiv Gupta, with associates Esha Goel and Isabel Yu, and Hong Kong associates Jay Watanatornpitak and Li-kang (Jeff) Ker. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim and Chicago partner Enrique Rene de Vera, with London associate Fangyuan (Farrah) Yan.

ABOUT ADANI ENERGY SOLUTIONS (AESL)

AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions.

ABOUT LATHAM’S INDIA PRACTICE

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi-award winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.