FRV Group entered into definitive agreements with India Grid Trust, with IndiGrid Investment Managers Limited acting as Investment Manager for India Grid Trust, for sale of 100% securities holding in FRV Andhra Pradesh Solar Farm-I Private Limited & FRV India Solar Park II – Private Limited, each operating a 50MW solar power project in Andhra Pradesh, according to reports.

Infrastructure investment trust IndiGrid said it has inked an agreement to acquire 100% stake in two projects of FRV Solar Holdings for ₹660 crore.

— Thehindu

Khaitan & Co advised FRV Group led by a team of partner Dibyanshu, principal associate Prateek Bhandari, senior associate Sagar B M and senior associate Nikesh Tyagi.

2020-12-19

Deal value: Approx. INR 660 crores, subject to adjustments

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