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ELP acts for SBI’s NEEV Fund in $6m investment into SunSource

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday. SunSource Energy, a solar project developer and EPC services provider, currently has 200 MWs of solar projects in India and abroad.
The Economic Times

Economic Laws Practice (ELP) advised State Bank of India (SBI)-owned The NEEV Fund led by a team of associate partner Shyam Pandya and associate manager Bhagyashree Madhekar.


Deal value: $6m (approximately)

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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