IFLR1000

JSW Energy Rs53 billion acquisition of GMR Kamalanga Energy

24/2/2020
Public acquisition
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Re 53.21 billion

$ 741.544 million

Announced

24/2/2020

Overview:

  • JSW Energy, the power arm of JSW Group, aims to buy power plant operator GMR Kamalanga Energy for Rs53.21 billion from GMR Energy.
  • GMR Kamalanga Energy owns and operates a 1050MW thermal power plant in Odisha.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Energy

Firms:
Cyril Amarchand Mangaldas

Party: JSW Energy (Acquirer)

Lawyer: Ramanuj Kumar

Shardul Amarchand Mangaldas & Co

Party: GMR Energy (Seller)

Lawyer: Jatin Aneja

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