Sarthak Advocates & Solicitors | View firm profile
Sarthak Advocates & Solicitors represented Waaree Energies Limited (“Waaree”), India’s largest solar PV module manufacturer,in its strategic acquisition of Enel Green Power India Private Limited along with its Special Purpose Vehicles (SPVs) for INR 792 crore. This transaction marks Waaree’s significant entry into the renewable energy sector as a developer.
The acquisition is a landmark in renewable energy mergers in India, positioning India’s largest module manufacturer as a serious renewable energy developer. The Firm advised Waaree at all stages of the deal, from due diligence to transaction structuring and transaction document negotiation. Sarthak has built a niche practice in the energy space having advised each stakeholder, being the generators, distribution companies, transmission companies, power exchange and OTC platform, across various jurisdictions. This transaction is a testament to Sarthak’s capability in handling complex cross border transactions.
From Sarthak’s side, the transaction was led by Managing Partner, Mr. Abhishek Tripathi, who was ably assisted by Avantika Shukla, Adesh Mishra, Anil Khanna, Utkarsh Mishra, Akash Garg, Saksham Gulati, Dhruvi Patni, Etesh Verma, Durgesh Gaud and Yashika Chawla.
Mr. Manoj Sinsinwar, Chief Legal Officer of Waaree led the transaction from Waaree legal team.