Lanco has completed the sale of its entire shareholding in Udupi Power Corporation to the Adani group..HSA Advocates, led by Partners Navin Syiem and Harsh Arora, along with Senior Associate Abhishek Bhalla and Associate Shubhi Sharma advised Lanco Infratech..Amarchand Mangaldas (Mumbai) acted for Adani with a team led by Managing Partner Cyril Shroff along with Litigation Partner Shaneen Parikh..As part of its goal of achieving 20,000 Mw of operational capacity by 2020, Adani acquired Udupi Power for an enterprise value of 6,300 crores ($ 1 billion) making it the largest acquisition in India in the thermal power space..The deal will help Lanco Infratech to reduce its debt position and infuse capital in other projects, including Lanco Amarkantak Power.
Lanco has completed the sale of its entire shareholding in Udupi Power Corporation to the Adani group..HSA Advocates, led by Partners Navin Syiem and Harsh Arora, along with Senior Associate Abhishek Bhalla and Associate Shubhi Sharma advised Lanco Infratech..Amarchand Mangaldas (Mumbai) acted for Adani with a team led by Managing Partner Cyril Shroff along with Litigation Partner Shaneen Parikh..As part of its goal of achieving 20,000 Mw of operational capacity by 2020, Adani acquired Udupi Power for an enterprise value of 6,300 crores ($ 1 billion) making it the largest acquisition in India in the thermal power space..The deal will help Lanco Infratech to reduce its debt position and infuse capital in other projects, including Lanco Amarkantak Power.
