Cyril Amarchand Mangaldas (CAM) advised PTC India Ltd, a listed company ("PTC) in the sale of its subsidiary, PTC Energy Ltd ("PEL") to ONGC Green Limited ("ONGC") through a bidding process. PEL has an aggregate operational wind generation capacity of 288.80 MW which is spread over 7 projects which are in Madhya Pradesh, Andhra Pradesh and Karnataka.

The Transaction was led by Ritika Rathi, Partner along with Sreetama Sen, Partner, with support from Nooreen Haider, Principal Associate; Bhadra Nair, Senior Associate; Aakash Rao, Associate and Esha Goyal, Associate.

The transaction document was signed on 13th September, 2024. The closure of deal is subject to fulfilment of CPs of the transaction document.