Linklaters acted as international counsel to the book running lead managers on the first ever qualified institutional placement (QIP) for Vedanta Limited (Vedanta), a leading global natural resources and technology conglomerate. The transaction marks the single largest ever equity raised through the QIP route in India’s metals and mining sector.
Vedanta, a subsidiary of Vedanta Resources Limited, successfully raised INR 85bn (approximately US$1bn). The placement received strong interest from global and domestic investors, including marquee domestic mutual funds, foreign institutional investors, large family offices and multi strategy funds – demonstrating Vedanta’s leading position in the area of critical minerals and energy.
The Linklaters team was led by partner and Head of India Practice Amit Singh, with support from counsel Joseph Wolpin, managing associate Kundhavi Suresh Kumar and associate Yosua Kanata.
Head of India Practice Amit Singh commented:
“We are delighted to be able to support Vedanta on this highly successful strategic transaction. This milestone underscores our commitment to excellence in the India market. Congratulations to everyone involved.”
Linklaters has an established reputation as the leading Indian capital markets practice, offering technical expertise and commercial awareness to create novel solutions to maximise investment opportunities. The team supports international clients and leading Indian corporates as they invest both within and outside India across a wide range of sectors. The firm’s India practice is ranked in the top tier across all publications.
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