23 Jul 2026
Deal: Trilegal advised Capital Infra Trust on its QIP and preferential issue
23 Dec 2025
23 Dec 2025
Trilegal acted as the legal counsel to Capital Infra Trust (“Trust”) and the lead managers on the qualified institutions placement by the Trust aggregating to ?12,500 million through issuance of 172,890,733 units at ?72.30 per unit (including a discount of 4.42% on the floor price) (“QIP”).
Trilegal also advised on the preferential issue by the Trust aggregating to ?3,450.06 million through issuance of 43,261,000 units to Gawar Construction Limited (“Sponsor”) at a price of ?79.75 per unit (“Preferential Issue”).
The proceeds of the QIP are to be used for funding the acquisition of three target SPVs from the Sponsor and providing shareholder loans to the target SPVs for repayment or prepayment of the subordinated debt and unsecured loans availed by the target SPVs.
The lead managers to the QIP were SBI Capital Markets Limited, HDFC Bank Limited and Motilal Oswal Investment Advisors Limited.
The Trilegal Capital Markets Team advising on the mandate was led by Partner: Abhinav Maker; and comprised Counsel: Ajo Jomy; Associates: Jayant Saxena, Ipsita Sahoo, Mrinal Kumar, Kalyan Reddy, Varda Saxena, and K Prashant Agrawal; and Trainee Associate: Revant Gupta.
The Trilegal Competition Team advising on the mandate was led by Partner: Rudresh Singh; and comprised Counsel: Reshabh Juneja; and Associates: Kunal Singh and Rakshit Sharma.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal-test.kwebmaker.co.in
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