We acted as the legal counsel to Adani Energy Solutions Limited on its recent qualified institutional placement of equity share aggregating to ₹3,500.00 crores (approx.) (“Issue”). The Issue opened on July 27, 2026, and closed on July 30, 2026.

Our firm had also advised on the previous qualified institutional placement undertaken by Adani Energy Solutions
Limited in August 2024.

SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Jefferies India Private Limited acted as book running lead managers to the Issue.

Devaki Mankad, Partner (Regional Co-Head – Capital Markets – West); with support from Rishav Buxi, Principal Associate, Anuj Gupta, Senior Associate; Arikta Shetty, Archit Jain, Aditya Maheshwari, Akshat Sharma and Aria Sheth, Associates; advised the Issuer, Adani Energy Solutions Limited.