JSA advised India Grid Trust in acquiring a 300 MW solar power project in Rajasthan from ReNew Group

  • Deal
  • March 6, 2024

JSA advised India Grid Trust (IndiGrid) in acquiring a 300 MW solar power project location in Rajasthan from ReNew Group.

JSA acted as counsel to India Grid Trust (IndiGrid) in acquiring a 300 MW solar power project from ReNew Power group for a total enterprise value of INR 1,550 crores.

IndiGrid is India’s first and largest listed power sector infrastructure investment trust (InvIT), backed by KKR. IndiGrid has assets under management (AUM) of over INR 282 billion.

Renew Energy Global plc, an entity listed on Nasdaq, which is a global renewable company offering clean & green energy with a portfolio of 13.8 GW including Wind, Solar, Hybrid & Hydro Power and is the largest renewable energy company in India in terms of operational capacity.

Our transaction team comprised Lead Partner – Vishnu Sudarsan, Partners – Shashank Vikram Singh and Kartikeya GS, Associates – Ayushi Chaudhary and Siddhant Thakar, and Junior Associate – Ravneet Gill.

Our disputes team (on Regulatory Litigation) comprised Partner – Poonam Verma Sengupta and Senior Associate – Gayatri Aryan.

Our real estate team comprised Partners – Upendra Nath Sharma and Bharat Bhushan Sharma, Senior Associate – Mohit Aggarwal, and Junior Associate – Raunak Jain.