Khaitan & Co acted as legal counsel to JSW Infrastructure Ltd (the “Company”) and Sajjan Jindal Family Trust (the “Promoter Selling Shareholder”) on the successful completion of its INR 75,026.94 million Qualified Institutions Placement (“QIP”), the largest QIP completed in India in calendar year 2026 to date.
This transaction represents a significant milestone in the Indian capital markets, being the first QIP in India to combine a primary issuance with an offer for sale by the Promoter Selling Shareholder within a single structure. The QIP was also strategically designed to facilitate compliance with the minimum public shareholding requirements within the prescribed regulatory timelines, thereby achieving the dual objectives of capital raising and regulatory compliance through a single offering. The offering witnessed strong participation from leading global and domestic institutional investors and ranks among the largest QIP issuances in India’s industrial and infrastructure sector in recent years
The Book Running Lead Managers to the QIP were JM Financial Ltd, Avendus Capital Pvt Ltd, Citigroup Global Markets India Pvt Ltd, HSBC Securities and Capital Markets (India) Pvt Ltd, Jefferies India Pvt Ltd and SBI Capital Markets Ltd.
The core team consisted of Sudhir Bassi (Executive Director), Madhur Kohli (Partner), Vaibhav Mittal (Partner), Sairandhri Nawale (Associate), Siddharth Jain (Associate) and Ayesha Khosla (Associate).