“IDFC Alternatives, the private equity arm of IDFC Ltd, has bought a 40 megawatt (MW) solar power project in Madhya Pradesh operated by IL&FS Energy, two people aware of the matter said. Vector Green Energy, a company formed by IDFC Alternatives’ India Infrastructure Fund II to house its renewable energy investments, made the acquisition,” reported Mint.
Link Legal India Law services advised IDFC Alternatives led by a team of partner Manish Gupta, and partner Dinesh Pardasani, senior associate Shivam Tandon, and associate Prateek Ghei.
K Law acted for IL&FS Energy, represented by partner Pradeep Ratnam, associate partnersDeepak Chowdhury and Arjun Sharma, and senior associate Ashutosh Sharma.
Deal value: Confidential
This deal report is based on a firm’s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
Source: legallyindia
