Trilegal advises PSP Projects on its INR 2,440 million QIP as sole counsel
Summary
Trilegal advised PSP Projects Limited (Company) and the placement agents, being SBI Capital Markets Limited and Ernst & Young Merchant Banking Services LLP, as the sole legal counsel on the qualified institutions placement of equity shares by the Company aggregating to INR 2,440 million (QIP).The Company is a multidisciplinary construction company which offers a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. The Company is credited with the construction of various notable projects across India, including the Surat Diamond Bourse and the Kashi Vishwanath Corridor.The QIP saw investments from various marquee investors including Fidelity, ICICI Prudential, LIC, UTI and Societe Generale.The transaction was led by our Partner, Richa Choudhary, and the team comprised Counsels, Avanti Kale and Maitreya Rajurkar, and Associates, Aayush Khandelwal, Aman Bahl, Shivayana Balodia and Mathangi K.Trilegal is one of Indias leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.Trilegal has been recognised as the Law Firm of the Year by Deal Volume (Large) by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the Best Overall Law Firms at the India Business Law Journal Indian Law Firm Awards 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021; "M&A Law firm of the Year" by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and highly commended in the FT RSG Innovative Lawyers Awards 2020.