Jaypee Group promoted Jaiprakash Power Venture has raised Rs. 950 crore ($175 million) through issuance of equity shares, by way of a qualified institutional placement (QIP)..This is the largest QIP in the power sector in the last three years, reports ET..Credit Suisse Securities (India) was the Book Running Lead Manager (BRLM) to the Issue..Axon Partners acted as the domestic legal counsel to Jaiprakash Power Venture with a team led by Partner Abhimanyu Bhandari..Luthra & Luthra Law Offices acted as domestice legal counsel to the BRLM while Skadden, Arps, Slate, Meagher & Flom LLP acted as the International legal counsel. Luthra team was led by Capital Markets Partner Madhurima Mukherjee along with Komal Mehta, Raghvendra Singh and Rohan Sahai while Skadden team was led by Rajeev Duggal..The company will use the funds for its ongoing projects and/or the projects of its joint venture and subsidiary companies.
Jaypee Group promoted Jaiprakash Power Venture has raised Rs. 950 crore ($175 million) through issuance of equity shares, by way of a qualified institutional placement (QIP)..This is the largest QIP in the power sector in the last three years, reports ET..Credit Suisse Securities (India) was the Book Running Lead Manager (BRLM) to the Issue..Axon Partners acted as the domestic legal counsel to Jaiprakash Power Venture with a team led by Partner Abhimanyu Bhandari..Luthra & Luthra Law Offices acted as domestice legal counsel to the BRLM while Skadden, Arps, Slate, Meagher & Flom LLP acted as the International legal counsel. Luthra team was led by Capital Markets Partner Madhurima Mukherjee along with Komal Mehta, Raghvendra Singh and Rohan Sahai while Skadden team was led by Rajeev Duggal..The company will use the funds for its ongoing projects and/or the projects of its joint venture and subsidiary companies.
