Skip to main content
news
The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai, India, January 25, 2017. REUTERS/Shailesh Andrade

 

Saraf and Partners has advised state-owned non-banking financial company Indian Renewable Energy Development Agency (IREDA) on its 21-billion-rupee ($260 million) IPO, with Hogan Lovells and Dentons Link Legal representing the book running lead managers.

According to Reuters, IREDA, established in 1987, provides financial assistance for setting up projects related to new and renewable sources of energy and energy conservation. It added that this was the first IPO filed by a public sector enterprise since Life Insurance Corp's subdued listing in May 2022.

The Saraf team was led by partner Murtaza Zoomkawala.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

7 international, Indian firms act on Kedaara Capital’s $350 mln U.S. bet

by Nimitt Dixit |

Akin Gump Strauss Hauer & Feld, Quillon Partners, and Kelley Drye & Warren have advised Indian private equity firm Kedaara Capital on its maiden bet in the data analytics and AI solutions market, committing $350 million strategic investment to San Jose, California-based Impetus Technologies.

Deals

Saraf, TT&A facilitate Fortis’ $207 mln buyout of PE investors in Agilus Diagnostics

by Nimitt Dixit |

Saraf and Partners has acted for Fortis Healthcare in relation to the $207 million acquisition of a 31.5 percent equity stake in its subsidiary, Agilus Diagnostics, from three private equity investors.

Deals

Trilegal, CAM act on Edelweiss’ $272 mln road projects acquisition

by Nimitt Dixit |

Trilegal has advised Edelweiss-backed Epic Concesiones 2 on its $272 million acquisition of 11 road projects from Ashoka Buildcon and Ashoka Concessions, which were represented by Cyril Amarchand Mangaldas.