Renewable energy firm Enel Green Power SpA has acquired a majority stake in BLP Energy (BLP) for $33.5 million (Rs 221 crore)..Khaitan & Co acted as domestic legal counsel for Enel Green Power while Ashurst acted as international counsel. The Khaitan team was led by Mumbai Partner Joy Jacob while Ashurst team was led by Singapore Partner Keith McGuire..J. Sagar Associates acted for BLP Energy with a team led by Partner Sidharrth Shankar along with Associates Prakriti Jaiswal and CV Srikant..With this transaction Enel enters the Indian renewables market, marking the group’s first move into the Asia-Pacific region, reports VCCircle.
Renewable energy firm Enel Green Power SpA has acquired a majority stake in BLP Energy (BLP) for $33.5 million (Rs 221 crore)..Khaitan & Co acted as domestic legal counsel for Enel Green Power while Ashurst acted as international counsel. The Khaitan team was led by Mumbai Partner Joy Jacob while Ashurst team was led by Singapore Partner Keith McGuire..J. Sagar Associates acted for BLP Energy with a team led by Partner Sidharrth Shankar along with Associates Prakriti Jaiswal and CV Srikant..With this transaction Enel enters the Indian renewables market, marking the group’s first move into the Asia-Pacific region, reports VCCircle.
