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AZB assists Abraaj Capital Limited in acquisition of 49% stake in Aditya Birla Renewables Limited

AZB & Partners advised and assisted Abraaj Capital Limited in acquisition of 49% shares of Aditya Birla Renewables Limited. The transaction is in furtherance of the partnership aimed to build a gigawatt scale renewable energy platform focused on developing solar power plants in India.

The Abraaj Group is a leading private equity investor, managing approximately $9 billion of funds and operating in the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. The new solar power platform will bid for projects tendered at national and state auctions, with the intent to develop and operate utility-scale solar power plants that can provide clean and cost-effective electricity to the national grid across several key states.

AZB team comprised of Partners, Ashwin Ramanathan and Prashanth Sabeshan and; Associates, Sarah Mohan and Rhea Mathew.

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