Khaitan & Co acts as Legal Counsel to the Inox Green Energy Services Ltd. and Inox Wind Limited as to Indian Law in relation to the initial public offering of equity shares of the Company.
| NO | HEADINGS | DETAILS |
| 1. | Sector | Wind Energy |
| 2. | Announcement Date | 17-Jun-2022 |
| 3. | Completion Date | |
| 4. | Name of Client | Inox Green Energy Services Limited and Inox Wind Limited |
| 5. | Deal Description | Acted as Legal Counsel to the Inox Green Energy Services Limited (the “Company”) and Inox Wind Limited (the “Selling Shareholder”) as to Indian Law in relation to the initial public offering of equity shares of the Company comprising of a fresh issue of equity shares aggregating up to INR 3,700 million by the Company and an offer for sale of equity shares by the Selling Shareholder aggregating up to INR 3,700 million. |
| 6. | Total Consideration | INR 7400 million (USD 100 million) |
| 7. | Team Members | The core team consisted of Madhur Kohli (Partner), Chirayu Chandani (Partner), Drishti Barar (Senior Associate), Anshul Mordia (Associate), Hrithik Khurana (Associate), Sarjana Das (Associate) |
| 8. | Role of Firm | Legal Counsel to the Company and the Selling Shareholder as to Indian Law |
| 9. | Financial Advisors | Book Running Lead Managers- Edelweiss Financial Services Limited, DAM Capital Advisors Limited (Formerly IDFC Securities Limited), Equirus Capital Private Limited, IDBI Capital Markets & Securities Limited and Systematix Corporate Services Limited |
| 10. | Auditors | Statutory Auditors- Dewan P.N. Chopra & Co |
| 11. | Other legal advisors if any with names of Lead Lawyers | Legal Counsel to the BRLMs as to Indian Law- Trilegal (Richa Choudhary) and International Legal Counsel to the BRLMs-Linklaters Singapore Pte. Limited (Amit Singh) |
| 12. | Unique Feature of Transaction | Inox Green Energy Services Limited is one of the major wind power operation and maintenance service providers within India which was incorporated in 2012. It is engaged in the business of providing long-term operation and maintenance services (“O&M Services”) for wind projects, specifically the provision of O&M Services for wind turbine generators and common infrastructural facilities. It is a subsidiary of Inox Wind Limited and is a part of the Inox GFL group of companies. Upon being listed, it will be among the first few listed companies in India which are engaged only in the O&M services business. |