JSA Advocates and Solicitors (JSA) advised the lead managers, Kotak Mahindra Capital Company Limited, CLSA India Private Limited and Motilal Oswal Investment Advisors Limited, on the institutional placement of Units by IRB InvIT Fund (“InvIT”), aggregating to INR 2,000 crore.
This was second institutional placement of Units by the InvIT and JSA has advised on both the issuances. The InvIT is sponsored by IRB Infrastructure Developers Limited.
The proceeds from the transaction will be utilised by the InvIT to acquire two road projects.
The JSA Capital Market team was led by Arka Mookerjee, Partner, and comprised Pracheta Bhattacharya, Partner, Sourav Modi, Partner, along with Jeebitesh Bhattacharya, Senior Associate, Aditya Shendye, Associate and Yana Nazareth, Associate.
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.