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AZB & Partners advised Fortum India Private Limited (FIPL) in connection with the sale of shares of FIPL and its affiliates/subsidiaries in India, to New York’s I Squared Capital backed Hexa Climate Solutions. Through this deal, Fortum Oyj (Finland’s state-run energy utility) has exited India’s renewable energy market by selling its platform – FIPL along with its affiliates/subsidiaries (including its management company, carbon credits, and a 40-member team).
The total portfolio included a 206 MW commercial and industrial renewable energy portfolio and another 600 MW ready-to-build renewable energy projects.
The deal team comprised of Senior Partner Anuja Tiwari, Partner Mallika Anand, Counsel Pranjal Bhattacharya, Senior Associate Aman Raj and Associate, Munmun Kadam.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.