India Grid Trust completed the acquisition of Renew Solar Urja Private Limited from ReNew Energy Global Plc for enterprise value of approximately $190 million (INR 15.5 billion).
India Grid Trust (BSE:540565) completed the acquisition of Renew Solar Urja Private Limited from ReNew Energy Global Plc (NasdaqGS:RNW) for enterprise value of approximately $190 million (INR 15.5 billion) on February 23, 2024. Vishnu Sudarsan, Shashank Vikram Singh, Kartikeya GS, Poonam Verma Sengupta, Upendra Nath Sharma and Bharat Bhushan Sharma of J. Sagar Associates acted as legal advisor to India Grid Trust.