Talwar Thakore & Associates (TT&A) and Saraf and Partners advised on Blueleaf Energy’s acquisition of Sanchore Renewable.
Virya Energy NV transferred 100% of its shareholding and debenture capital in Sanchore Renewable Private Limited to Blueleaf Energy India Investments Pte. Ltd., a Singapore-based renewable energy platform backed by Macquarie. Sanchore Renewable owns and operates a 40 MW wind power project in Karnataka, which sells power under a long-term power purchase agreement with Bangalore Electricity Supply Company Limited (BESCOM).
The transaction forms part of Virya Energy’s portfolio management strategy and exit from its operational renewable energy assets in India, while reflecting continued investor interest in operational renewable energy assets in the country.
TT&A advised Blueleaf Energy on this transaction.
The team comprised Joint Managing Partner Gautam Saha, Partners Dushyant Bagga, Akshay Malhotra, Swati Chauhan and Pooja Menon, Managing Associate Kush Saggi, Senior Associate Aishik Majumder, Associates Eshani Agarwal and Kopal Bhargava pand Company Secretary Ruchi Tripathi.
Saraf and Partners acted as legal counsel to Virya Energy NV on the sale and transfer of its entire shareholding in Sanchore Renewable Private Limited.
The transaction team was led by Partner Avirup Nag and comprised Partner Designate Ankit Sahoo, and Associates Ashwini Panwar and Sneha Smriti.
The Due Diligence team was led by Partner Designate Ankit Sahoo and comprised Principal Associate Asima Ghosh, and Associates Ashwini Panwar, Paritosh Bisen and Sneha Smriti.
