April 13, 2021
Shardul Amarchand Mangaldas & Co. advised Power Grid Corporation of India Limited to acquire 74% stake of Jaypee Powergrid Limited from Jaiprakash Power Ventures Limited. Post the completion of the transaction, Jaypee Powergrid Limited has become a wholly owned subsidiary of Power Grid Corporation of India Limited. The deal is valued at INR 351,64,80,000, subject to post-closing adjustments. The date of closing was 25 March 2021.
The transaction team was led by Nikhil Sachdeva, Partner; Abhishek Dubey, Principal Associate; Rishabh Jain, Associate; Shivansh Mehta, Associate.
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