JSA, Dentons Link Legal, Khaitan & Co act on Continuum Green Energy securing ₹1,350 crore from Chubu Electric Power Co.

Continuum Green Energy Limited has executed definitive agreements pursuant to which Chubu Electric Power Co., Inc., a major Japanese electric utility, through its affiliate, will invest ₹1,350 crores (~$145 million) in Continuum through a combination of primary subscription and secondary acquisition of equity shares.

JSA Advocates & Solicitors advised Continuum Green Energy on this transaction.

The transaction was led by Rashi Saraf (Partner) and Vinit Patwari (Partner), with support from Martin Mathews (Senior Associate).

Dentons Link Legal advised Chubu Electric Power Co. on their investment in Continuum.

The transaction was led by Rajesh Pal (Partner) and Prashanth Sabeshan (Partner). The team also included other partners from different practice groups: Milind Jha (Partner), Ankur Loona (Partner), Aditya Singh (Partner), Aditya Bharadwaj (Partner), Nidhi Patania (Partner), Gyanendra Mishra (Partner), Rahul Bagga (Partner), Mohit Porwal (Partner), and Prasanta Sahu (Partner). They were supported by Mihir Roy (Counsel), Pooja Ramachandra (Counsel), and Himanshi Khanna (Counsel), along with Rinki Singh (Senior Associate), Khushi Yadav (Senior Associate), Shristi Bose (Associate), Divyanshu Vyas (Associate), and other team members.

Khaitan & Co advised existing investor Just Climate on this transaction. The Firm’s role included advising on the impact of Chubu Electric Power Co's investment on Just Climate’s existing rights, and assisting with matters relating to the shareholder arrangements among Continuum’s investor group.

The transaction was led by Kartick Maheshwari (Partner), Shantanu Gupta (Partner) and Ashutosh Sharma (Partner), with support from Aditya Cheriyan (Partner, Capital Market), Madhav Chandan (Senior Associate), Hardik Adlakha (Senior Associate) and Sakshi Shetty (Associate)

The transaction is subject to receipt of customary regulatory approvals, including approval from the Competition Commission of India.

Continuum Green Energy is one of India's leading renewable energy platforms focused on developing, owning, and operating utility-scale wind, solar, and hybrid energy projects.

Earlier this year, Continuum secured a $67.5 million investment from from Just Climate, with Trilegal and Khaitan & Co advising on that transaction.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.