Skip to main content

Cyril Amarchand Mangaldas has advised NTPC, India’s largest power generating utility, on a 115-billion-rupee ($1.5 billion) acquisition of a stake in THDC India Limited (THDCIL) and North Eastern Electric Power Corporation (NEEPCO).

Trilegal advised the Department of Investment and Public Asset Management (DIPAM) on the liquidation of NEEPCO.

The transaction is one of the largest disinvestments in the country for the financial year 2019-2020, and is a significant step towards achieving India’s disinvestment targets for this period.

THDCIL operates hydro and wind power projects, including the Tehri dam in Uttarakhand while NEEPCO’s main operations are in the northeastern region of India through a combination of hydro, thermal and solar power stations.

The CAM team was led by partners Sourav Biswas, Spandan Biswal, Ramanuj Kumar and Anshuman Sakle.

Meanwhile, the Trilegal team was led by partners Ramakant Rai and Soumya Hariharan.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Khaitan, SAM, Sidley advise on Torrent Power’s $413 mln QIP

by Nimitt Dixit |

Indian law firm Khaitan & Co has advised Torrent Power on its equity offering of $413 million through a qualified institutional placement of shares. Shardul Amarchand Mangaldas & Co and Sidley Austin advised the bookrunning lead managers on the deal.

Deals

IndusLaw guides Zepto’s $350 mln funding round

by Nimitt Dixit |

IndusLaw has guided Indian quick commerce company Zepto on its latest $350 million funding round led by Motilal Oswal's Private Wealth division.

Deals

9 firms advise on milestone $8.2 bln cross-border insurance deal

by Sarah Wong |

Global law firms Debevoise & Plimpton, Kirkland & Ellis and Herbert Smith Freehills are acting for Bermuda-based insurer Resolution Life on its $8.2 billion sale to Japan’s Nippon Life Insurance, the largest overseas acquisition by a Japanese insurer to date.