“Canadian pension fund, Caisse de dépôt et placement du Québec has agreed to acquire a 40% stake in power producer CLP India Pvt. Ltd for Rs 2,640 crore ($365m) in cash”, reported VC Circle. Post the acquisition by CDPQ from the subsidiary CLP GPEC (Mauritius) Holdings, CLP will retain 60% stake in the Indian unit.
Cyril Amarchand Mangaldas acted as the Indian legal counsel to
Trilegal was the Indian legal advisor to
Shearman & Sterling were the international legal advisors to
PricewaterhouseCoopers represented as the tax advisors to
King & Wood Mallesons acted as the international legal advisor to
Venturing into India in 2002, CLP is considered among the handful of foreign investors in the country, holding a broad generation portfolio of projects with total generation capacity of 3,000 MW with its recent focus being on expanding its low-carbon business.
2018-09-13
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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