Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus (EIYP) fund, will acquire two operating power transmission assets from Essel Infraprojects Ltd- namely Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited. Sekura is also set to acquire Warora-Kurnool Transmission Limited and NRSS XXXVI Transmission Limited, which are expected to be commissioned in FY20.

— The Economic Times

Platinum Partners advised Edelweiss led by a team of partner Ankit Majmudar, partner Gautam Bhat, associate Siddharth Paranjpe, associate Aayush Kumar, associate Ritika Chatterjee and associate Anmol Joshi.

Cyril Amarchand Mangaldas advised Essel Infraprojects Limited.

Update 10 July 2019: Link Legal India Law Services advised the bondholders led by a team partner Siddharth Srivastava along with senior associates Nitesh Kalra and Kanika Kadam, and company secretary Pragathi Prakash.

2018-10-16

Deal value: INR 279 crores

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