Cyril Amarchand Mangaldas Mumbai projects partner L Viswanathan and corporate partner Jaya Singhania advised Welspun Energy on selling the assets of Welspun Renewable Energy to Tata Power, which was advised by AZB & Partners partner Shameek Chaudhuri.
The deal value was around Rs 10,000 cr ($1.5bn), was signed on 12 June and is expected to close by September.
The buyout of 1.1 GW of Welspun's portfolio by Tata Power Renewable Energy is one of the largest in Asia, reported the Economic Times.
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