Khaitan & Co. and Latham & Watkins have advised India’s Sterling and Wilson Solar, one of the world’s largest solar engineering, procurement (EPC) companies, on its application for a $648 million initial public offering.

AZB & Partners and Sidley Austin advised the lead managers and global coordinators which included ICICI Securities Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited, Deutsche Equities India Private Limited, and SBI Capital Markets Limited and IndusInd Bank Limited and YES Securities (India) Limited. 

Sterling and Wilson, promoted by Shapoorji Pallonji and Company, commenced business in 2011 as the solar EPC division of Sterling and Wilson, and was demerged into a separate company in April 2017. Its shares of Sterling and Wilson are proposed to be listed on BSE and NSE. 

 

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