Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of sale of its entire 74% equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ₹900 crore. The deal was announced in November 2020 with the signing of a definitive binding agreement between RInfra and IndiGrid and has now been completed with transfer of shares of PKTCL, and receipt of sale consideration.

— Business Insider

J Sagar Associates advised India Grid Trust led by a team of partners Vishnu Sudarsan and Shashank Vikram Singh along with principal associate Kartikeya G S. The due diligence was led by senior associates Tanvi Trivedi and Divyam Sharma and associates Abhishek Sarkar and Vishakha Singh. Strategic advisory on litigation, contentious regulatory issues and right of way related aspects was led by partner Poonam Verma along with senior associate Aparajita Upadhyay and associate Sakshi Kapoor. Real estate and associated aspects were led by partners Upendra Nath Sharma and Bharat Bhushan Sharma along with senior associate Akshay Bhagchandani and associate Mohit Aggarwal. On competition laws advised partner Vaibhav Choukse with associate Parth Sehan.

2020-11-01

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