Cyril Amarchand Mangaldas acted as legal counsel for ReNew Private Limited on the sale of 100% of its wholly owned subsidiary, ReNew Sun Bright Private Limited which owns and operates a 300MW solar power asset in Rajasthan, to Sembcorp Green Infra Private Limited, for an aggregate consideration of approximately INR 1,700 crores.
The transaction team was led by Bhargav Joshi, Partner; with assistance from Alena Jamal, Associate; Ayushi Agarwal, Associate; Harshitha Swarna, Associate. Surya Sreenivasan, Partner; with assistance from Kabir Manchanda, Principal Associate assisted in the project finance aspects of the transaction.