"Vishvaraj Environment Limited Raises ₹2,250 Crore in IPO for Water Utility Projects"

"Vishvaraj Environment Limited, a prominent developer of water utility and wastewater management projects in India, has successfully raised ₹2,250 crore through an initial public offering (IPO). This includes a fresh issue of ₹1,250 crore and an offer for sale of up to ₹1,000 crore by the promoter. The IPO was advised by AZB & Partners for Vishvaraj and by Khaitan & Co for the lead managers involved. The company emphasizes water sustainability and the recycling of treated sewage for industrial use."

In a recent transaction, AZB & Partners advised Vishvaraj Environment Limited on its initial public offering (IPO), while Khaitan & Co provided counsel to the Book Running Lead Managers, including JM Financial Limited, Axis Capital Limited, and DAM Capital Advisors. Vishvaraj Environment Limited successfully raised ₹2,250 crore through its IPO, which included a fresh issue of ₹1,250 crore and an offer for sale by the Promoter Selling Shareholder of up to ₹1,000 crore. The company is recognized as a leading developer of water utility and wastewater management projects in India, with a strong emphasis on recycling treated sewage water for industrial use and a commitment to water sustainability and wastewater treatment. The transaction team from AZB & Partners comprised the following lawyers: Madhur Kohli (Partner), Vaibhav Mittal (Partner), Varshini Puni (Senior Associate), Dhananjay Sreeram (Associate), Mythri Murali (Associate), Nibha Yadav (Associate), Reshmi Prabhakar (Associate), Tejas Kothari (Associate), and Vanshika Singh (Associate).

"Vishvaraj Environment Limited Raises ₹2,250 Crore in IPO for Water Utility Projects"

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