• Advised CPPIB and Ontario Teachers’ Pension Plan (OTPP)on their second round of investment in National Highways Trust for funding acquisition of 3 brownfield toll roads with an aggregate length of 636 km owned by NHAI. The deal was completed with a value of CAD 120 million (INR 744 crores). Currently advising CPPIB and OTPP on its proposed third round of investment in the InvIT for funding acquisition of 6 toll roads having a length of 728 kms.
• Advised CPPIBon its investment in Powergrid Infrastructure Investment Trust set up by Power Grid Corporation of India for holding 5 initial electricity transmission assets in India. The deal was for acquisition of units of the InvIT and was completed with a value of CAD 153 million (INR 947 crores).
• Advised Apraava Energy (a part of the China Light & Power Group)on its acquisition of 3 electricity transmission assets of 815 km length from Kalpataru Power Transmission Limited with a deal value of USD 478 million (INR 3,900 crores). The transaction for 2 assets was closed.
• Advised CPPIBon its investment in NCDs of Dilip Buildcon Group for financing of a portfolio of 10 late-stage construction toll-roads. The deal value was CAD 115 million (INR 712 crores).
• Advised CPPIBon its proposed acquisition of 80% stake in 7.7 GW renewable energy portfolio from SB Energy (Softbank) for a value of USD 425 million (INR 3,480 crores).
• Advised CPPIBon its proposed acquisition of 2.6 GW renewable energy portfolio of Sprng Energy (part of Actis Group).
• Advised Indian Highway Concessions Trust, an InvIT set up by Caisse de dépôt et placement du Québec (CDPQ)on its proposed acquisition of stake in ITNL InvIT of IL&FS Group including acquisition of stake in the investment manager and project manager of the ITNL InvIT. The ITNL InvIT has road assets portfolio of IL&FS group consisting of 9 road assets.
• Advised ArcelorMittal Nippon Steelon its proposed acquisition of 28 SPVs with 1,753 MW renewable energy portfolio of Mytrah Energy for a value of USD 1.2 billion (INR 10,000 crores).
• Advised CPPIBon its proposed investment in NCDs of Atria Power Group for funding 600 MW renewable energy portfolio.
• Advised GAW Capitalon its proposed acquisition of 74% stake in 5 renewable energy projects of 275 MW of Atria Power Group.
• Advised Apraava Energyon its proposed acquisition of 700 MW renewable energy portfolio of Vector Green Energy (Global Infrastructure Partners) having a value of USD 340 million (INR 2,780 crores).
• Advised Brookfield Asset Managementon its proposed acquisition of the 1 GW renewable energy portfolio of Fourth Partner Group.
• Advised Continuum Green Energyon its proposed sale of 4000 MW renewable energy portfolio and prepared vendor due diligence reports.
• Advised Tata Cleantech Capital Limited and NIIF Infrastructure Finance Limitedon their INR 750 crores financing of entire renewable energy portfolio of Cleantech Solar Asia having solar power captive generation plants in India.
• Advised Ramky Infrastructureon restructuring of project finance loans of Srinagar Banihal Expressway Private Limited taken for four-laning of the Srinagar Banihal section of National Highway No 1A in Jammu and Kashmir.
• Advised Cleantech Solar Asiaon: (i) power purchase agreements for setting up its first hybrid power plant having wind and solar power projects; (ii) power purchase agreement and shareholders agreements for captive generation projects in India in accordance with electricity laws.
• Advised Rays Power on power purchase agreements for its captive generation solar power plant.

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