AZB, ILP act on ADB $50 million investment in Avaada Energy

Bar & Bench April 17 2019
Samunnati raises fund from Nuveen

The Asian Development Bank (ADB) is investing $50 million (Rs. 344 crore) in solar energy company Avaada Energy Pvt. Ltd.

AZB & Partners acted for ADB and the team was led by Delhi Partners Gautam Saha and Heena Singh along with Associate Nikhil Bahl.

Indian Law Partners (ILP) advised Avaada Energy and the team was led by Partners Gopika Pant and Vineet Gupta, Senior Associate Abhimanyu Kaul and Associate Ira Swain.

The funding will help Avaada Energy scale up its photovoltaic solar energy generation capacity in India, reported VCCircle.