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Tata Power has acquired the renewable energy subsidiary of Delhi-based Welspun Energy. It is estimated to be a 9,900-crore deal, making it the largest transaction in renewables in India.
Cyril Amarchand Mangaldas acted for Welspun with a team led by Infrastructure and Project Finance Partner L Vishwanathan and Corporate Partner Jaya Singhania.
AZB & Partners advised Tata Power with a team led by Partner Shameek Chaudhuri.
The portfolio Tata has bought comprises 990 Mw of solar power projects and about 150 Mw of wind power projects.