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Blackstone bets on young advisers Trilegal across from Amarchand for $111m Visa Power stake

Trilegal, which has acted for Blackstone Group for six months, advised the private equity (PE) major on its Rs 500 crore ($111m) investment in Visa Group’s power production company Visa Power for a minority stake.

Trilegal partner Nishant Parikh led for the US-based Blackstone Group along with senior associate Rohan Ghosh Roy and associate Anirudh Agarwala.

Amarchand Mangaldas Delhi with partner Harry Chawla, principal associate Puja Sondhi and senior associate Ramanuj Gopalan represented Visa Power on the transaction.

It is understood that Trilegal has only been advising on Blackstone transactions for around six months. Blackstone has in the past also used Desai & Diwanji and Khaitan & Co in India.

Visa Power is an independent Indian power producer with 1,200 MW core assets in captive-mine based, coal-fired power plant in Chhattisgarh in advanced stages of development.

Blackstone is expected to pick up a 28 per cent minority stake in Visa Power, reported Economic Times.

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