Hogan Lovells advises on the US$515 million IPO of Waaree Energies, one of the largest in the renewables space
Singapore, 4 November 2024 - Global law firm Hogan Lovells advised as US and international counsel on the US$515 million IPO of Waaree Energies, the largest solar module manufacturer in India. Managed by Axis Capital, IIFL Securities, Jefferies, Nomura, SBI Capital Markets, Intensive Fiscal and ITI Capital, it was one of the largest IPOs in the renewables space, receiving the most applications and recording a 70% listing premium.
The Hogan Lovells team was led by India practice lead and Singapore Office Managing Partner Biswajit Chatterjee, with support from counsel Kaustubh George, senior associate Varun Jetly, associates Aditya Rajput, Jayant Bharadwaj and Sanjana Ravjiani, and staff attorney Rosen Chen.
Hogan Lovells has been ranked No.1 by deal volume and deal value for 2023 India Equity and Rights Offering (Managers) by Bloomberg as well as London Stock Exchange Group (LSEG) in 2024, and has also been ranked among the Top 15 Foreign Law Firms for India-related work by the India Business Law Journal (IBLJ) in 2024.
About Hogan Lovells India practice
Hogan Lovells has built a market-leading India practice, drawing on extensive experiences, deep local relationships and in-depth market knowledge. Our dedicated team, spanning our global network, supports Indian and foreign clients in exploring investment opportunities, raising capital, restructuring business, developing infrastructure projects, and resolving disputes in and outside of India. As trusted legal advisors, we are recognized for an innovative approach to thought leadership, delivering timely and comprehensive insights on legal developments that shape our clients’ strategies and long-term business goals.
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