Trilegal, Khaitan, Shearman on IPCL's buy in Meenakshi Energy

Monday, 29 February 2016 By Prachi Shrivastava Corporate M&A

Trilegal and Shearman & Sterling advised French firm Engie on the sale of its entire 89.11 per cent stake in Meenakshi Energy to India Power Corporation which was advised by Khaitan & Co.

Trilegal Delhi partners Yogesh Singh and Neeraj Menon, counsel Ravi Mahton and senior associates Amar Narula and Suchita Saigal, and Shearman London partner Mathew Powell and associates Nicholas Withers and Thomas Barker acted for Engie.

Khaitan Mumbai partner Upendra Joshi, associate partner Gahan Singh, principal associate Shivanshu Thaplyal and associates Jhinook Roy, Sagar BM, Suditi Surana and Nishant Prasad acted for India Power.

The deal value is undisclosed but, according to India Power’s owner Kanoria Foundation’s statement to Economic Times the net worth of Meenakshi Energy is about Rs 1,600 crore and its debt is around Rs 3,000 crore.

TrilegalShearman & SterlingKhaitan & Co

Comments

High rated comment 29 Feb 2016, 17:02
+5 -17
It's a matter of time before Khaitan becomes the leader in all practice areas. They are hiring good talent and doing amazing work.
Funny Bone 1 Mar 2016, 05:23
+6 -2
You are too funny. To say this at a time when they are reeling under profit pressures (just wait for the bonuses this year) shows you are either clueless or an insider promoting KCO. To do large deals at very low prices is not sustainable.
Top rated comment 1 Mar 2016, 13:54
+2 -4
And you sound like one of those law firm partners who quoted absurdly high fee quote with the intent to "milk" the client without realising the practical realities of the market
well done Tri and KCO 1 Mar 2016, 05:29
+15 -0
The Singhs from either firm are from NLIU!
Anonympus 3 Mar 2016, 03:23
+0 -8
Good to see Khaitan surging ahead. Congratulations to the entire team.
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