Aditya Infotech Limited, has raised ₹1,500 crore through a Qualified Institutional Placement (QIP) of equity shares, with Khaitan & Co and Hogan Lovells Cadwalader acting as legal counsel on the transaction. The deal, which closed in late September 2026, represents a significant capital markets milestone for one of India’s leading video security and surveillance companies.
Aditya Infotech Limited manufactures and provides video security and surveillance products, solutions, and services under the brand name CP Plus. The company allotted 43.27 lakh equity shares through the QIP at ₹3,467 per share, with the issue closing and shares allocated on 25 September 2026.
The QIP fundraising was opened after the company’s board met on 22 September 2026 and fixed ₹3,648.43 per share as the floor price for the issue. ICICI Securities and IIFL Capital served as lead managers on the transaction. The QIP followed Aditya Infotech’s stock market debut, with the company having made its stock market listing in August 2025.
Deal Value
Aditya Infotech Limited raised ₹1,500 crore from the Qualified Institutional Placement of equity shares. The QIP aggregated to INR 15,000 million, with ICICI Securities Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) acting as Lead Managers.
Legal Teams Involved
Khaitan & Co — Indian Counsel to Aditya Infotech and the Lead Managers
Khaitan & Co advised Aditya Infotech and the lead managers, ICICI Securities Limited and IIFL Capital Services Limited, on this transaction. The transaction team consisted of the following:
- Gautham Srinivas — Partner
- Sathvik Ponnappa — Partner
- Pulkit Singh Rahangdale — Principal Associate
- Avinash Gautam — Senior Associate
- Anubhav Jaiswal — Associate
- Shambhavi Gautam — Associate
- Rishav Khetan — Associate
- Sarthika Singhal — Associate
- Tushar Pundir — Associate
Hogan Lovells Cadwalader — International Counsel to the Lead Managers
Hogan Lovells Cadwalader served as the international counsel for the lead managers. Further details of the Hogan Lovells Cadwalader team composition for this specific transaction were not disclosed.
Significance and Impact
The proceeds of the QIP will be utilised for funding Phase III expansion of the company’s Kadapa facility and setting up a new manufacturing plant in Greater Noida, among other things. These investments signal a clear strategic intent to deepen domestic manufacturing capacity across two geographically distinct sites.
Aditya Infotech shares hit the 5% upper circuit at ₹3,826 on 23 September following the launch of the QIP, reflecting robust institutional appetite for the placement. At the close on 22 September 2026, the company’s market capitalisation stood above ₹43,000 crore.
The transaction also underscores the continued prominence of Khaitan & Co‘s capital markets practice in large-ticket QIPs, with partners Gautham Srinivas and Sathvik Ponnappa having led prior QIP mandates for the firm. Hogan Lovells Cadwalader‘s role as international counsel to the lead managers is consistent with the firm’s established presence advising book-running managers on Indian equity capital markets transactions.
Aditya Infotech Limited, operating under the brand CP Plus, has raised ₹1,500 crore from a Qualified Institutional Placement of equity shares, with the proceeds earmarked for expanding manufacturing infrastructure at Kadapa and Greater Noida. Khaitan & Co provided comprehensive Indian legal counsel to both the issuer and the lead managers, while Hogan Lovells Cadwalader served as international counsel to the lead managers. The transaction consolidates CP Plus’s position as a well-capitalised player in India’s rapidly growing video surveillance and security sector.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
