Shardul Amarchand Mangaldas & Co. advises Power Grid Corporation of India Limited to acquire 74% stake of Jaypee Powergrid Limited from Jaiprakash Power Ventures Limited
April 13, 2021
Shardul Amarchand Mangaldas & Co. advised Power Grid Corporation of India Limited to acquire 74% stake of Jaypee Powergrid Limited from Jaiprakash Power Ventures Limited. Post the completion of the transaction, Jaypee Powergrid Limited has become a wholly owned subsidiary of Power Grid Corporation of India Limited. The deal is valued at INR 351,64,80,000, subject to post-closing adjustments. The date of closing was 25 March 2021.
The transaction team was led by Nikhil Sachdeva, Partner; Abhishek Dubey, Principal Associate; Rishabh Jain, Associate; Shivansh Mehta, Associate.
The Bar Council of India does not permit solicitation of work and advertising by legal practitioners and advocates. By accessing the Shardul Amarchand Mangaldas & Co. website (our website), the user acknowledges that:
The user wishes to gain more information about us for his/her information and use. He/She also acknowledges that there has been no attempt by us to advertise or solicit work.
Any information obtained or downloaded by the user from our website does not lead to the creation of the client – attorney relationship between the Firm and the user.
None of the information contained in our website amounts to any form of legal opinion or legal advice.
All information contained in our website is the intellectual property of the Firm.