Cyril Amarchand Mangaldas has advised NTPC, India’s largest power generating utility, on a 115-billion-rupee ($1.5 billion) acquisition of a stake in THDC India Limited (THDCIL) and North Eastern Electric Power Corporation (NEEPCO).

Trilegal advised the Department of Investment and Public Asset Management (DIPAM) on the liquidation of NEEPCO.

The transaction is one of the largest disinvestments in the country for the financial year 2019-2020, and is a significant step towards achieving India’s disinvestment targets for this period.

THDCIL operates hydro and wind power projects, including the Tehri dam in Uttarakhand while NEEPCO’s main operations are in the northeastern region of India through a combination of hydro, thermal and solar power stations.

The CAM team was led by partners Sourav Biswas, Spandan Biswal, Ramanuj Kumar and Anshuman Sakle.

Meanwhile, the Trilegal team was led by partners Ramakant Rai and Soumya Hariharan.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

GT, Goodwin act as Japan's Ono buys U.S. drugmaker for $2.4 bln

by Asian Legal Business《亚洲法律杂志》 |

Greenberg Traurig has represented Japan’s Ono Pharmaceutical Co on its $2.4 billion acquisition of  U.S.-based cancer drugmaker Deciphera, which was advised by Goodwin Procter.

Deals

R&T, WongP, Lee & Lee advise on $595 mln TCM deal

by Nimitt Dixit |

Singapore law firms WongPartnership, Lee & Lee and Rajah & Tann (R&T), and R&T’s Malaysian member firm Christopher & Lee Ong have advised traditional Chinese medicine firm Eu Yan Sang International (EYS) and its shareholders on the sale of 86 percent of EYS’ shares.

Deals

Skadden advises Cemex on $650 mln Philippines divestment

by Nimitt Dixit |

U.S. law firm Skadden, Arps, Slate, Meagher & Flom has advised Mexico-based multinational building materials company Cemex on the sale of its operations and assets in the Philippines to Dacon Corporation, DMCI Holdings, and Seminara Mining and Power Corporation.