AZB & Partners has represented India’s Tata Power Renewable Energy on its 92.49 billion rupee ($1.3 billion) acquisition of Welspun Renewables Energy from its parent, New Delhi-based Welspun Energy. Cyril Amarchand Mangaldas advised the seller. 

The Welspun portfolio bought by Tata Power comprises 1,140 megawatts (MW) of renewable energy assets including 990 MW of solar power projects and 150 MW of wind power projects. Of this, 1,000 MW is operational and the rest are in advanced stages of execution.

With this purchase, Tata Power Renewable Energy would have a renewable energy portfolio of 2,300 MW, making it the largest of this kind in India.

The Cyril Amarchand Mangaldas team that advised Welspun Energy was led by Mumbai-based infrastructure and project finance partner L. Viswanathan and corporate partner Jaya Singhania.

 

Related Articles

Appointments

Top CAM dealmaker rocks market with move to Khaitan

by Nimitt Dixit |

Top Indian dealmaker Shishir Vayttaden has left the equity partnership at Cyril Amarchand Mangaldas to join Khaitan & Co, along with two other partners in his team, K. Aishwarya and Aditi Singhvi.

Appointments

CAM adds real estate partner in Ahmedabad

by Nimitt Dixit |

Cyril Amarchand Mangaldas has added a fourth partner to its ranks in July as real estate attorney Siddharth Singh joins the firm along with his entire team in Ahmedabad. Singh previously ran his own law firm SBS Legal Advocates in the city.

Appointments

CAM continues July hiring spree with corporate lawyer from Trilegal

by Nimitt Dixit |

Cyril Amarchand Mangaldas has added a third partner in July, with Trilegal counsel Pooranimaa Hariharan joining the firm’s corporate practice in Bengaluru.