Linklaters has advised the book running lead managers on the qualified institutional placement (QIP) by JSW Infrastructure Limited, raising approximately INR 75bn (USD 794m). The equity shares have been listed on the National Stock Exchange of India and BSE Limited.
JSW Infrastructure Limited, a key entity of the JSW Group, is India’s second-largest private commercial port operator, renowned for its environmentally sustainable seaports and terminals. This landmark transaction marks the largest-ever equity fundraise for JSW Group and is one of the largest transactions in India’s real assets and infrastructure space.
This is the first transaction in India to combine a primary issuance by a listed company with an offer for sale by a promoter selling shareholder within a single QIP structure, establishing a new precedent in the Indian capital markets.
Linklaters acted as sole international counsel on the transaction. The Linklaters team was led by partner and Head of India practice Amit Singh, with support from Joseph Wolpin, Ashwin Tiwari and Sanketh Hareesh Kumar.
Amit Singh, Head of India Group at Linklaters, commented:
“The strong participation from institutional investors in this transaction underscores continued confidence in India’s infrastructure sector and highlights the importance of coordinated cross-border execution on transactions of this scale and complexity. We have a long-standing relationship with the JSW Group, having advised earlier this year on JSW Energy’s successful QIP and remain grateful for their continued trust and support.”
Linklaters has an established reputation as a leading adviser on Indian capital markets transactions, combining international market expertise with deep experience advising clients on pioneering and strategically significant cross-border transactions. The firm regularly advises leading issuers, financial institutions and investors on complex capital markets mandates across India and the broader Asia-Pacific region.
