Skip to main content

news

Sidley Austin has advised Singapore-based utility company Sembcorp Industries on the $1.5 billion sale of India unit to Tanweer Infrastructure, which is part of a consortium led by Oman Investment Corporation and Oman’s Ministry of Defense Pension Fund.

The deal is part of Sembcorp Industries' strategy to shift to green energy, Reuters reported. Sembcorp Energy, one of the largest power producers in India, operates two coal-fired power plants totaling 2.64 giga-watts that service nearly 2.5 million households, Reuters added.

The Sidley team was led by partners Charlie Wilson in Singapore and Daniel Lin in Tokyo.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

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.