The offering aligns with India’s renewable energy ambitions and taps into a booming stock market, as JSA and Trilegal advise on this landmark NTPC Green’s IPO.
JSA Advocates & Solicitors is providing legal counsel to NTPC Green Energy, the renewable energy division of the state-run National Thermal Power Corporation, on its upcoming initial public offering (IPO) valued at $1.2 billion. Trilegal is advising the book-running lead managers for the offering.
The book-running lead managers include IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.
NTPC Green’s IPO aligns with India’s strong emphasis on renewable energy and comes at a time when the stock market is experiencing a surge in new listings.
Experts predict that renewable energy will play a significant role in the country’s economy in the coming years, prompting investors to increase their investments in this sector.
So far this year, approximately 235 companies have gone public, raising over $8.6 billion, surpassing the total funds raised in the previous year, according to Reuters.
The company will exclusively issue new shares, with no existing shareholders selling their stakes, as indicated in the draft documents. NTPC Green Energy plans to use the funds raised to repay 75 billion rupees in loans taken by its subsidiary, NTPC Renewable Energy.
The JSA team working on this deal includes partners Madhurima Mukherjee Saha, Siddhartha Desai, and Shivali Singh, along with associates Bhavini Mohan, Govind Roy, Ayushi Pandit, and Prateek Khandelwal.
The Trilegal team is led by partner Richa Choudhary and includes counsels Avanti Kale and Maitreya Rajurkar, senior associate Sanya Chaudhari, and associates Aayush Khandelwal, Vibhav Pitambhare, Shivayana Balodia, Kirti Gohil, and Siddhant Mishra.
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
