The offer, which was made by Alstom to comply with the minimum public shareholding requirements of the Securities and Exchange Board of India, was made through an institutional placement programme. The red herring prospectus was filed with the Delhi and Haryana Register of Companies last week.

Earlier this month Alstom was awarded two contracts (worth 1 billion rupees) to supply energy management systems to the Power Grid Corporation of India, following a 1.9 billion rupee order last year for the National Transmission Asset Management Centre Project, which is currently under implementation.

Amarchand partner Akila Agrawal led the firm’s team in the share issue, along with partner Shruti Kinra, principal associate Aarti Joshi, senior associate Digvijay Singh, senior associate-designate Parika Ganeriwal and associates Tarun Mathur, Anjali Puri and Kartik Khanna.

ICICI Securities was the book-running lead manager to the institutional placement programme. Duane Morris & Selvam LLP acted as international legal counsel to Alstom.