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

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.

JSA, CAM, Khaitan act on $2.3 bln Ayana Renewable sale

by Nimitt Dixit |

Indian law firm JSA Advocates & Solicitors has advised ONGC NTPC Green on its $2.3 billion acquisition of Ayana Renewable Power from National Investment and Infrastructure Fund (NIIF), British International Investment and private equity firm Eversource Capital.