Skip to main content

Latham & Watkins and Khaitan & Co have advised Thailand’s Global Renewable Synergy Company (GRSC) on its $453 million acquisition of a stake in Indian solar power company Avaada Energy, which was counselled by Cyril Amarchand Mangaldas.

GRSC is a wholly-owned subsidiary of Global Power Synergy Public Company (GPSC), which is a unit of Thai state-owned energy company PTT.

The investment is aimed at enhancing GRSC’s expertise in solar power generation and is intended to capitalise on expected growth in Avaada’s portfolio, following the Indian government’s plans to increase the supply of electricity from renewable sources by 2030.

The Latham & Watkins team was led by partners Marcus Lee and Posit Laohaphan.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.