Record takeover in green energy space: Trilegal, CAM on $1.66bn Renew buy of Ostro

Friday, 6 April 2018 By Legally India Corporate M&A

“Sumant Sinha-led Re-New Power Ventures has finalised the takeover of Ostro Energy for an enterprise value of Rs 10,800 crore ($1.66bn), the biggest M&A deal in the renewables sector,” reported the Economic Times.

Trilegal Delhi partner Harsh Pais was instructed by Ostro general counsel (GC) Rachika Sahay for Ostro Energy.

Cyril Amarchand Mangaldas Delhi partner Nivedita Tiwari was instructed by Renew GC Pranav Singh for Renew Power Ventures.

The deal is structured as Rs 4,500 crore as equity, with the remaining Rs 6,300 crore to be a debt component, according to ET, making ReNew the largest player in the renewables space, ahead of Tata Power Renewable Energy.

TrilegalCyril Amarchand Mangaldas

Comments

bhaiandar 7 Apr 2018, 05:28
+1 -2
great to see the in-house counsel also being mentioned in the article - now the thousand rupee question - who will report to whom after the takeover is effected.
im bored 7 Apr 2018, 15:15
+1 -0
i dont know why
Guest 9 Apr 2018, 13:12
+3 -0
Now this is a proper deal.

And the instruction would have been from Actis, the shareholder of the target, not the target itself.
Never pf 18 Apr 2018, 19:59
+1 -1
Well, Santosh janakiram the prime mover of the deal is not mentioned.
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