"Jindal Power Acquires 1320 MW Thermal Power Plant in Haryana with CAM's Legal Guidance"

Cyril Amarchand Mangaldas advised Jindal Power Limited on the acquisition of 100% shareholding of Jhajjar Power Limited through its wholly owned subsidiary, Jindal Jhajjar Power Limited (JJPL). The transaction involved Jindal Power emerging as the successful bidder in a competitive bid process initiated by Apraava Energy Private Limited (AEPL) for the acquisition of 100% shareholding in Jhajjar Power Limited. Subsequently, JJPL entered into a share purchase agreement to acquire 100% of equity shares and compulsorily convertible preference shares of Jhajjar Power Limited from AEPL, Apraava Renewable Energy Private Limited, and Kohima Mariani Transmission Limited. The transaction team at Cyril Amarchand Mangaldas was led by Manasvini Raj, Partner, with assistance from Pratiti Shah, Associate; Pratima Barde, Associate; and Nishra Sejpal, Associate. Senior Partner L. Viswanathan and Partner Manmeet Singh provided guidance. Due diligence was led by Manasvini Raj, Partner, with assistance from Apoorv Jain, Principal Associate; Pratiti Shah, Associate; Saurabh Sharma, Associate; and Nishra Sejpal, Associate. Regulatory due diligence was handled by Vishal Binod, Partner, supported by Aditya Dubey, Senior Associate; Sagnik Maitra, Senior Associate; and Rashika Bhardwaj, Associate. Land and land disputes due diligence was conducted by Ashish Jain, Partner, and Alok Shankar, Partner, supported by Shorya Choudhary, Principal Associate; Rishita Khandelwal, Associate; and Ruchika Prabhu, Associate. Dhruv Rajain, Partner, with support from Vanya Agarwal, Associate, advised on competition law aspects of the transaction. Bharath Reddy, Partner, assisted on employment incentives-related inputs.

"Jindal Power Acquires 1320 MW Thermal Power Plant in Haryana with CAM's Legal Guidance"

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