Cyril Amarchand Mangaldas advised Adani Energy Solutions Limited (“Company”) on its qualified institutional placement of up to 2,16,71,826 equity shares of face value of INR 10 each, at a price of ₹ 1,615 per equity share including a premium of INR 1,605 per equity share, aggregating to approximately INR 3,500 crore (“Issue”).
The Issue was undertaken by the Company in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Section 42 of the Companies Act, 2013.
CAM had also advised on the previous qualified institutional placement undertaken by Adani Energy Solutions Limited in August, 2024.
The Issue opened on July 27, 2026, and closed on July 30, 2026. The allotment pursuant to the Issue was completed on July 30, 2026.
SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited and Jefferies India Private Limited acted as lead managers to the Issue.
The Company is part of the Adani portfolio and is one of the leading players in India’s transmission and distribution sector and India’s largest private-sector transmission company. It is also an integrated pan-India energy solutions provider through our multiple businesses, including transmission, distribution, smart metering, centralized cooling and an energy solutions platform.
Devaki Mankad, Partner (Regional Co-Head – Capital Markets – West); with support from Rishav Buxi, Principal Associate, Anuj Gupta, Senior Associate; Arikta Shetty, Archit Jain, Aditya Maheshwari, Akshat Sharma and Aria Sheth, Associates; advised the Issuer, Adani Energy Solutions Limited.
