Latham Advises on CleanMax’s US$341 Million IPO

Latham & Watkins has advised the book running lead managers on CleanMax Enviro Energy Solutions Limited’s (CleanMax’s) US$341 million initial public offering (IPO) on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE).

Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, IIFL Capital Services Limited, Nomura Financial Advisory and Securities (India) Private Limited, BOB Capital Markets Limited, and SBI Capital Markets Limited were the book running lead managers on the transaction.

The Latham team was led by Singapore partner Rajiv Gupta, with counsel Esha Goel and associates Sirada Chayabunjonglerd and Jeffy Katio.

About CleanMax

CleanMax is a provider of renewable energy to commercial and industrial customers. The company specializes in delivering decarbonization solutions, including supplying renewable power and offering energy services and carbon credit solutions. CleanMax provides EPC services and O&M services of renewable energy plants including solar, wind, and hybrid plants.

About Latham’s India Practice

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.