Trilegal, CMS INDUSLAW and Hogan Lovells Cadwalader advised on TD Power Systems’ INR 600 crore QIP.

TD Power Systems Limited, an engineering and manufacturing company engaged in the design, manufacture and supply of AC generators and electric motors for power generation, industrial and mobility applications, undertook a qualified institutions placement (QIP) aggregating to INR 600 crore.

The offering comprised the issuance of 7,741,935 equity shares.

The proceeds from the QIP will be used towards funding capital expenditure for the construction and development of a manufacturing shed and the purchase and installation of machinery and equipment at the company’s manufacturing facilities in Bengaluru, Karnataka, and for general corporate purposes. Motilal Oswal Investment Advisors Limited acted as the sole lead manager to the issue.

Trilegal advised TD Power Systems Limited on the QIP.

The Capital Markets team was led by Partners Richa Choudhary and Murtaza Zoomkawala, and comprised Senior Associate Rainika Malhotra and Associates Rajat Chauksey and Nandini Ravishankar.

CMS INDUSLAW advised Motilal Oswal Investment Advisors Limited, the placement agent, in connection with the QIP.

The team comprised Partner Mathew Thomas; Senior Associates Aman Bahl, Ridhi J. And Kirti Gohil; and Associates Preeti Gokhale, Nikita, Sahil Mehta, Anupriya Dasila and Anushka Pawar.

Hogan Lovells Cadwalader acted as US counsel to Motilal Oswal Investment Advisors Limited in connection with the transaction.