JSA is pleased to announce its role as legal counsel to Axis Capital Limited and Kotak Mahindra Capital Company Limited in connection with the successful initial offering of units of TVS Infrastructure Trust (“InvIT”), a pioneering infrastructure investment trust in the warehousing and logistics sector. The offering, aggregating to ₹13,000 million, marks a significant milestone as one of the first InvIT listings in this space and the largest of its kind in India.
As part of the transaction, the InvIT acquired 18 infrastructure parks from TVS Industrial & Logistics Parks (TVS ILP), further solidifying its position as a major player in the logistics infrastructure landscape. The units of the InvIT were listed on the National Stock Exchange of India (NSE) on July 8, 2025.
JSA acted as legal counsel to the lead managers—Axis Capital and Kotak Mahindra Capital—advising on all aspects of the transaction, including legal due diligence, drafting of offer documents, and regulatory compliances with SEBI and stock exchange regulations.
The JSA transaction team was led by Partner, Arka Mookerjee, with support from Partners, Pracheta Bhattacharya and Anshu Bansal from the Equity Capital Markets team. Principal Associates Sourav Modi and Ananth Balaji, along with Associates Aditya Shendye, Jeebitesh Bhattacharya, and Vaishnavi Kokkonda played a key role in executing this landmark transaction.
This transaction underscores JSA’s deep expertise in capital markets and infrastructure investments, and its continued commitment to enabling transformational deals in India’s evolving financial landscape.
Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).