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A&O Shearman advises on Hitachi Energy India’s debut INR25.2 billion QIP

A&O Shearman advises on Hitachi Energy India’s debut INR25.2 billion QIP
Published Date
Mar 26 2025
A&O Shearman is pleased to announce its role as U.S. counsel to the Lead Managers, ICICI Securities Limited and HSBC Securities and Capital Markets (India) Private Limited, in the successful qualified institutions placement (“QIP”) of Hitachi Energy India Limited (“Hitachi Energy India”).

The QIP raised INR25.2bn, marking a significant milestone for Hitachi Energy India.

“This transaction for Hitachi Energy India underscores investor confidence in the Indian energy sector. The successful QIP not only provides the necessary capital for Hitachi Energy India to expand its operations but also highlights the increasing demand for advanced energy solutions in the region. As the energy sector continues to evolve, we are seeing a significant shift towards sustainable and innovative technologies, and Hitachi Energy India is at the forefront of this transformation. It was a pleasure to have had the opportunity to assist Hitachi Energy India and the Lead Managers on this transaction”

Image of Pallavi Gopinath Aney

Pallavi Gopinath Aney

Partner

The A&O Shearman team comprised partners Daniel Mitz, Chris Forrester, Pallavi Gopinath Aney and Kyungwon (Won) Lee, as well as Rami Marginean, Nabil Shadab, Shinjan Alok, and Derek Perriam. The team’s collective effort and multi-disciplinary expertise from across offices were instrumental in the transaction's success.

Hitachi Energy India is a pioneering technology leader in the energy sector, with leading offerings across high voltage products, transformers, grid automation and grid integration that significantly contribute to India's infrastructure. Notably, eight of India's 16 high-voltage direct current links deploy Hitachi Energy India’s technology, 80% of metro rails in India use their solutions and one third of the locomotives deployed by India’s national railways operator are powered by Hitachi Energy India transformers.

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