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CAM acts on $975m sale of Jindal power plant to JSW Energy

Cyril Amarchand Mangaldas advised JSW Energy on its Rs 6500 crore ($975m) buy of Jindal Steel & Power’s thermal power plant in Chhattisgarh.

CAM Mumbai and Delhi infrastructure and projects partners L Viswanathan and Ramanuj Kumar, respectively, Mumbai competition partner Nisha Uberoi and Mumbai capital markets partner Gaurav Gupte.

“JSW Energy will also pay an interest-bearing advance of Rs 500 crore to JSPL after the deal has been approved by shareholders of both companies and the Competition Commission of India,” reported the Economic Times.

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