Cyril Amarchand Mangaldas (CAM) advised Megha Engineering & Infrastructures Limited (“MEIL“) and its subsidiary MEIL Energy Private Limited on acquisition of 100% shares of TAQA Neyveli Power Company Limited, which owns and operates a 250 MW lignite fired thermal power project in Tamil Nadu from The Abu Dhabi National Energy Company, PJSC (TAQA) and its affiliates.
The transaction team was led by Ramanuj Kumar, Partner (Co-Head – Projects (Energy & Energy Transition)); and Aiswarja Mohanty, Partner; with assistance from Rashika Bhardwaj, Associate.
SR Patnaik Partner (Head – Taxation); with assistance from Thangadurai V.P, Principal Associate; advised on tax related aspects of the transactions.