Cyril Amarchand Mangaldas represented Asian Energy Impact Trust plc (formerly known as ThomasLloyd Energy Impact Trust plc, previously listed on London Stock Exchange), acting through the joint liquidators, in sale of 100% (one hundred percent) shareholding in SolarArise India Projects Private Limited (“SolarArise”) and its subsidiaries to Neo Infra Income Opportunities Fund, a registered scheme under Neo Credit Alternatives Investment Trust i.e., a Category II Alternative Investment Fund registered with the Securities and Exchange Board of India. SolarArise, through its subsidiaries, owns and operates 433.5 MWp of solar power generation plants across five states—Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana. This transaction marks Neo’s entry into renewable energy sector.
The transaction team was led by Ramanuj Kumar, Partner and Co-Head (Projects – Energy and Energy Transition); with support from Aiswarja Mohanty, Partner; Rohil Kenue, Associate; and Rashika Bhardwaj, Associate.
Sreetama Sen, Partner; with support from Nooreen Haider, Principal Associate; Soumya Gupta, Associate; and Himanshu Chandel, Associate; advised on General Corporate aspects of the transaction.
SR Patnaik, Partner & Head – Taxation; with support from Thangadurai V.P, Principal Associate advised on taxation aspects of the transaction.