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Hinduja National Power Re9.5 billion acquisition of Kiran Energy

15/5/2018
Private acquisition
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Re 9.5 billion

$ 141 million

Announced

15/5/2018

Overview:

  • Hinduja National Power has acquired Kiran Energy for Re9.5 billion.
  • The target company is the operator of solar power plants in Rajasthan, Gujarat and Maharashtra.
  • Yes Securities’ Sustainable Investment Banking Team has acted as financial adviser.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Energy

Firms:
AZB & Partners

Party: Kiran Energy (Target)

Crawford Bayley & Co

Party: The Hinduja Group (Acquirer)

Nishith Desai Associates

Party: Kiran Energy (Target)

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