Khaitan & Co acted as legal counsel to Kalpataru Projects International Limited for Indian law in relation to its qualified institutions placement of equity shares aggregating to INR 1,000 crores. The Book Running Lead Managers to the Issue were ICICI Securities Limited and Avendus Capital Private Limited. This marks the first equity raise by Kalpataru Projects International Limited in over a last decade. The QIP received overwhelming response from marquee global and domestic investors.
The core team consisted of Madhur Kohli (Partner), Vaibhav Mittal (Partner), Aastha Ulhas Dhuppad (Associate), Nibha Yadav (Associate), Srishti Jain (Associate), Vanshika Singh (Associate) and Varshini Puni (Associate) with assistance from Anshul Mordia..
Media Links / Press Releases:
https://www.ndtvprofit.com/markets/kalpataru-projects-raises-rs-1000-crore-through-qip
https://www.zeebiz.com/companies/news-kalpataru-projects-international-kpil-has-raised-rs-1000-crore-through-issuance-83-26-lakh-equity-shares-qualified-institutions-placement-qip-333413 https://www.business-standard.com/markets/capital-market-news/kalpataru-projects-launches-qip-with-floor-price-of-rs-1-214-98-sh-124121300317_1.html