JSA advised the lead managers in the institutional placement of Units of IRB InvIT Fund (“InvIT”), which is India’s first InvIT. This was the largest institutional placement of Units by a publicly listed InvIT in India aggregating to INR 32,484.30 million. The InvIT is sponsored by IRB Infrastructure Developers Limited.
Kotak Mahindra Capital Company Limited, CLSA India Private Limited and Motilal Oswal Investment Advisors Limited acted as the lead managers to the transaction.
Our transaction team comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Principal Associates – Sourav Modi and Ananth Balaji, and Associates – Jeebitesh Bhattacharya, Bhavna Sancheti, Aditya Shendye, Palak Karundia and Ayushi Pandit.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.