Hogan Lovells 2024 Election Impact and Congressional Outlook Report
Hogan Lovells advises on US$343 million IPO by Acme Solar Holdings
Press releases
| 22
November
2024
Another successful IPO in the renewable energy sector
Singapore, 22 November 2024 - Global law firm Hogan Lovells advised as US counsel on the US$343 million IPO of Acme Solar Holdings, one of the largest renewable energy independent power producers in India. Acme’s portfolio of renewable energy projects includes solar, wind, hybrid, and firm and dispatchable renewable energy projects. The IPO was managed by Nuvama Wealth Management, Kotak Mahindra, JM Financial, Motilal Oswal and ICICI Securities and was subscribed over 2.75 times.
The Hogan Lovells team was led by India practice lead and Singapore Office Managing Partner Biswajit Chatterjee, with support from Varun Jetly, Kaustubh George, Aditya Rajput, Jayant Bharadwaj, Sanjana Ravjiani and Rosen Chen, all based in Singapore, as well as partners Nancy D. O’Neil and Henry Kahn, based in Baltimore and Washington D.C.
This marks another significant milestone in the renewable energy sector for the Hogan Lovells India ECM team, following their work advising Waaree Energies’ IPO.
“We are proud to have played a key role in advising Acme Solar on its IPO. This transaction reflects our significant experience in the renewable energy sector following the IPO of Waaree Energies.”, commented Biswajit Chatterjee, India practice lead and Singapore Office Managing Partner.
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 by the 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.
Press contacts
Press contacts
