Shardul Amarchand Mangaldas & Co. advises OMERS Infrastructure on its acquisition of 19.4% equity stake in Azure Power Global Limited

August 16, 2021

Shardul Amarchand Mangaldas & Co. acted as legal counsel to OMERS Infrastructure (“OMERS”) as to Indian laws on its acquisition of 19.4% equity stake in Azure Power Global Limited from International Finance Corporation and IFC GIF Investment Company. The deal is valued at US$ 219 million, approximately. The date of closing was 6 August, 2021.

SAM & Co. team was led by Jatin Aneja, Partner, National Practice Head, Projects and Infrastructure; and Naval Satarawala Chopra, Partner.

The Corporate, Regulatory and Projects-related advisory team involved Kushal Sinha, Partner; Shashwat Kumar, Partner; Dhrupad Pant, Principal Associate; Rahul Chouhan, Senior Associate; Naman Mittal, Associate; Pallavi Senapati, Associate; and Tanusmita Ghosal, Associate. The Competition Advisory and Green Channel Route Filing team involved Harman Singh Sandhu, Partner; Rohan Arora, Partner; Ritwik Bhattacharya, Principal Associate; and Devarsh Kotak, Associate. The FDI and Exchange Control Regulations related advisory team involved Kushal Sinha, Partner; Dhrupad Pant, Principal Associate; and Rishab Chaudhary, Associate.

Shearman & Sterling LLP acted as legal counsel to OMERS as to the US laws, and Appleby acted as legal counsel to OMERS as to laws of Mauritius. Ambit Private Limited acted as financial advisor to OMERS.