Skip to main content
news
The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019. REUTERS/Amit Dave/Files

Khaitan & Co, AZB & Partners and K Law have advised Reliance New Energy Solar (RNESL) and Reliance Industries (RIL) on RNESL’s 36-billion-rupee ($489 million) acquisition of stake in Sterling & Wilson Solar which was represented by Desai & Diwanji.

According to Reuters, besides this deal, RIL is also acquiring Norwegian-headquartered solar panel maker REC Solar Holdings for $771 million from China National Bluestar (Group).

Owned by Asia's richest man, Mukesh Ambani, RIL plans to build solar capacity of at least 100 gigawatts (GW) by 2030, accounting for over a fifth of India's target of installing 450 GW by the end of this decade, Reuters added.

The Khaitan team was led by executive director Sudhir Bassi and partner Arindam Ghosh.

Partners Ashwath Rau, Anuja Tiwari, Pranav Atit and Nikunj Maheshwari led the AZB team.

 

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.