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Shardul Amarchand Mangaldas & Co. advised ACME Group entities on divestment of 100% equity interest in solar power projects having an aggregate capacity of 369 MWAC to Actis-backed, Blupine Energy
March 6, 2024
Shardul Amarchand Mangaldas & Co. advised on divestment of 100% equity interest by ACME Solar Holdings Private Limited and ACME Solar Energy Private Limited in certain subsidiaries, which are operating solar photovoltaic power projects, having an aggregate capacity of 369 MWAC in the States of Karnataka, Uttarakhand and Punjab, to Blupine Energy Private Limited.
The transaction signifies the paramount and remarkable growth potential of the Indian renewables’ energy sector, and the immense value that it promises to global private equity investors.
The team was led by V.R. Neelakantan, Partner; Kushal Sinha, Partner; Dhrupad Pant, Partner; Rishab Chaudhary, Senior Associate; Shamik Gupta, Associate; Aayush Agarwal, Associate; and Riya Jain, Associate.
