Cyril Amarchand Mangaldas has represented Asian Energy Impact Trust plc, acting through the joint liquidators, in sale of 100% shareholding in SolarArise India Projects Private Limited and its subsidiaries to Neo Infra Income Opportunities Fund.
The transaction team was led by Ramanuj Kumar (Partner and Co-Head (Projects - Energy and Energy Transition)), with support from Aiswarja Mohanty (Partner), Rohil Kenue (Associate) and Rashika Bhardwaj (Associate).
Sreetama Sen (Partner) with support from Nooreen Haider (Principal Associate), Soumya Gupta (Associate) and Himanshu Chandel (Associate) advised on General Corporate aspects of the transaction.
SR Patnaik (Partner & Head - Taxation) with support from Thangadurai V.P. (Principal Associate) advised on taxation aspects of the transaction.
SolarArise, through its subsidiaries, owns and operates 433.5 MWp of solar power generation plants across five states—Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana.
This transaction marks Neo Infra’s entry into renewable energy sector.
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