Shardul Amarchand Mangaldas and Co counsels GMR Energy Limited
February 19, 2020
Shardul Amarchand Mangaldas & Co (SAM & Co) advised GMR Energy Limited in sale of its 100% stake in GMR Kamalanga Energy Limited (“Target”) to JSW Energy Limited. GMR Energy Limited shall also procure balance stake in the Target from IIF and IDFC First Bank, to enable JSW Energy Limited acquire 100% stake in the Target, for a total consideration of an amount up to approx. INR 5,321 crore (subject to working capital and other adjustments).
The SAM & Co team was led by Jatin Aneja (Partner, National Practice Head, Projects & Infrastructure), Siddhartha Sen (Partner), Kushal Sinha (Principal Associate), Dhrupad Pant (Senior Associate), Simran Kaur (Associate) and Rishabh Chaudhary (Associate).
The other party to the transaction, JSW Energy Limited was represented by Cyril Amarchand Mangaldas.