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Vaish, Amarchand on $1.5bn Jaiprakash hydropower project sale to JSW

Vaish Associates advised Jaiprakash Power Ventures (JPVL) in selling its BASPA Hydro Electric Project and its Karcham Wangtoo project to JSW Energy for Rs 9,700 crore.

JSW Energy was advised by Amarchand Mangaldas Mumbai partners L Viswanathan, Tushar Mavani and Ramanuj Kumar and senior associates Prateek Shroff and Abhimanyu Ghosh.

Vaish partner Bomi Daruwala, senior associates Yatin Narang and Shrinivas Sankaran and associates Tanya Sharma and Priyesh Sharma acted for JPVL.

The board of directors of JPVL approved the transfer of the 1391 MW projects into its subsidiary HBPC as a going concern through a scheme of arrangement which would would enable HBPC to be acquired by JSW Energy, reported The Hindu.

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Like +0 Object -0 delhi 20 Nov 14, 15:03
Isn't jaiprakash an amss Delhi client traditionally? Wills and ways apart.
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Like +0 Object -0 Alias 23 Nov 14, 17:50
No. Vaish has a strong relationship having long advised them on tax matters.
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