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India’s largest power generation utility - NTPC Ltd has acquired hydropower firms THDC India Ltd and North Eastern Electric Power Corporation Ltd. (Neepco) for Rs.11,500 crore, as part of one of the government’s largest asset-sale exercises.
Cyril Amarchand Mangaldas advised NTPC and the team was led by Partner Sourav Biswas, along with Senior Associate Vidya Sunderam, Associates Gurkaran Arora and Ashlesha Mittal.
The Financing team was led by Partner Spandan Biswal and Ramanuj Kumar with support from Senior Associate Varnika Mohan, Consultant Angira Chakraborty, and Associate Aditya Pandey.
The Competition team was led by Partner Anshuman Sakle along with Principal Associate Dhruv Rajain and Associate Faiza Khan.