Shardul Amarchand Mangaldas & Co. acted as legal counsel to Power Finance Corporation Limited in connection with the financing of a large-scale solar photovoltaic power project with a battery energy storage system undertaken by ACME Sigma Urja Private Limited, a special purpose vehicle promoted by ACME Solar Holdings Limited.   The transaction involved the provision… Read More +

Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to Power Finance Corporation Limited in connection with the ₹661.50 crore rupee term loan financing for the setting up and implementation of an integrated wind–solar hybrid power generation project by Bhuj Wind Energy Private Limited (the “Toravi WSH Project”) in District Vijayapura, Karnataka.   The… Read More +

Shardul Amarchand Mangaldas & Co. (SAM) advised Norwest Venture Partners on the divestment of its 100% stake in Pepperfry Limited to TCC Concept Limited (an Indian listed entity). The transaction was structured as a share swap, with TCC acquiring 98.98% shareholding of Pepperfry from the existing shareholders.   The transaction involved a cross-border share swap… Read More +

Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to Hindustan Petroleum Corporation Limited (“HPCL”) in connection with a long-term Liquefied Natural Gas (LNG) Sale and Purchase Agreement worth approximately USD 3 billion entered into with Abu Dhabi Gas Liquefaction Company (“ALNG”), a subsidiary of ADNOC Gas.   The transaction involves HPCL’s purchase of… Read More +