Latham Advises on Adani Enterprises Limited’s 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 US$500 million Qualified Institutional Placement (QIP) by Adani Enterprises Limited, one of India’s largest business incubators in terms of market capitalization.

The Latham team was led by Singapore partner Rajiv Gupta, with Singapore associate Esha Goel, Hong Kong associate Jay Watanatornpitak, and Foreign Legal Consultant Wang Zhang. Advice was also provided on tax matters by Chicago partner Enrique Rene de Vera, with London associate Fangyuan (Farrah) Yan.

ABOUT ADANI ENTERPRISES LIMITED

Adani Enterprises Limited is the flagship entity of Adani Group and an incubator focusing on establishing diverse new businesses. Its business portfolio includes investments in energy, infrastructure, transport, logistics, and consumer goods.

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.