Rs. 37,500 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Mar 2021
Primary Product
ECM
Secondary Product
InvIT Private Placement
Date
Sep 2021
Primary Product
ECM
Secondary Product
InvIT Private Placement
Date
Sep 2021
Virescent Renewable Energy Trust (“Virescent”) floated India’s first private InvIT to house operating renewable energy assets.
The trust was set up by KKR to own and operate an initial portfolio of 394MWp of Solar Power Generation assets having long term power purchase agreements with central and state off-takers.
Virescent is the first renewable energy platform in India to get ‘AAA’ credit rating (from CRISIL and India Ratings).
Axis Capital successfully navigated regulatory challenges with respect to guidelines for Private InvITs making several recommendations to SEBI to ensure regulatory clarity around the process. As the sole banker to the transaction, we handheld the company through the entire process to ensure smooth and efficient closure of transaction (India’s first renewable energy private InvIT).
Axis Capital continues to dominate the Renewable energy and allied infrastructure sector having closed 5 transactions in this space since the onset of the pandemic.
Transactions
Rs. 25,000 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Apr 21
Rs. 2,000 Mn
Primary Product:
ECM
Secondary Product:
QIP, PIPE
Date:
Dec 2021
Rs. 4,600 Mn
Primary Product:
ECM
Secondary Product:
InvIT Private Placement
Date:
Sep 2021
Rs. 12,840 Mn
Primary Product:
ECM
Secondary Product:
Rights Issue / Advisory / QIP
Date:
Apr 2021
Rs. 50,000 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Aug 2021
6350 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
November 2022
7,500 million
Primary Product:
ECM
Secondary Product:
InvIT Private Placement
Date:
November 2022
6,190 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
November 2021
5,000 million
Primary Product:
ECM
Secondary Product:
QIP
Date:
June 2021
9,090 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
June 2021
20,000 million
Primary Product:
PE
Secondary Product:
QIP
Date:
June 2021
77,350 million
Primary Product:
ECM
Secondary Product:
M&A, InvIT Private Placement
Date:
April 2021
25,000 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
April 2021
8,240 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
March 2021
37,500 million
Primary Product:
ECM
Secondary Product:
QIP
Date:
March 2021