Acme Solar's Initial Public Offering (IPO) in India worth $343 million was guided by SAM, CAM, and law firm Hogan Lovells.
In the dynamic landscape of India's renewable energy sector, a number of prominent international and Indian law firms have made significant strides in 2021. These firms, recognised for their expertise in energy, infrastructure, and capital markets, have played key roles in several renewable energy Initial Public Offerings (IPOs).
Notably, Linklaters acted as counsel to the book-running lead managers in significant energy-tied IPOs such as Bajaj Housing Finance’s USD781 million IPO and provided lender counsel to Adani Total Gas, a major joint venture in the Indian energy sector.
Latham & Watkins is another firm known for representing clients in high-growth sectors, including energy and infrastructure. Given the firm's involvement in significant Indian IPOs, it's likely that renewable energy IPOs are part of their portfolio.
Kirkland & Ellis is recognised for its broad range of capital markets expertise and complex deal structuring. The firm has advised clients on acquisitions and financings within India, including those related to energy.
While the search results do not explicitly name Indian law firms specialising solely in renewable energy IPOs for 2021, firms like Sarthak Advocates & Solicitors have a strong focus on corporate and commercial laws and may play roles in energy sector transactions.
Global firms like White & Case have longstanding energy expertise and advise on major energy transactions globally, though specific renewable energy IPOs in India in 2021 are not detailed in the results.
One of the marquee renewable sector listings on India's bourses this year is the Acme Solar IPO. Cyril Amarchand Mangaldas and Hogan Lovells acted as Indian and international counsel to the book-running lead managers on the Acme Solar IPO. Shardul Amarchand Mangaldas & Co advised Acme Solar on its $343 million initial public offering.
The book-running lead managers for the Acme Solar IPO were Nuvama Wealth Management, ICICI Securities, JM Financial, Kotak Mahindra Capital, and Motilal Oswal Investment Advisors. Notable associates on the Cyril Amarchand Mangaldas team for the Acme Solar IPO include Medhashree Verma, Rishi Nandkeolyar, Aniruddh Saraswat, Arjun Badola, Arnab Roy, Ritvik Maheshwari, and Abhinav Singh Chauhan.
Another notable renewable energy IPO this year was Waaree Energies, with JSA, Khaitan & Co, and Hogan Lovells as its advisors. The upcoming $1.2 billion listing of NTPC Green Energy, with JSA and Trilegal providing legal counsel, further underscores the growing importance of renewable energy in India.
Biswajit Chatterjee leads the Hogan Lovells team for the Acme Solar IPO and is the India practice lead. Varun Jetly, Kaustubh George, Aditya Rajput, Jayant Bharadwaj, Sanjana Ravjiani, and Rosen Chen, based in Singapore, are part of the Hogan Lovells team for the Acme Solar IPO.
In conclusion, leading global law firms such as Linklaters, Latham & Watkins, and Kirkland & Ellis are key players in India’s renewable energy IPO market based on their capital markets and energy sector activities during this period. Local Indian firms with strong corporate and commercial capabilities may also be involved, though explicit references in 2021 renewable energy IPOs by name are not found in the provided data.
Finance played a significant role in key renewable energy Initial Public Offerings (IPOs) in India, with firms like Linklaters and Kirkland & Ellis providing lender counsel and advising on acquisitions and financings in the energy sector. Local Indian firms with strong corporate and commercial capabilities, such as Sarthak Advocates & Solicitors, may also be involved in energy sector transactions.