Cyril Amarchand Mangaldas (CAM) along with DMD Advocates advised on USD 100 million investment in Radiance Renewables by FMO and Investment Fund Denmark.
Under the transaction, the two investors have each committed approximately USD 50 million, aggregating to a total capital infusion of USD 100 million. The investment will support Radiance Renewables’ next phase of growth and expansion across solar, hybrid wind-solar, and battery energy storage projects in India.
Cyril Amarchand Mangaldas advised Eversource Capital and Radiance Renewables on the transaction.
The core deal team was led by Partners Aditi Manchanda and Abhishek Kalra, with assistance from Principal Associate – Designate Chandni Ochani, and Senior Associates Deepjoyika Dastidar and Geetika Myer. The due diligence team was led by Partners Sharada Ramachandra, Surya Sreenivasan, and Anna Thomas, supported by Principal Associate Shivam Dubey; Senior Associates Soumyashree Chowdhury and Sneha Sharma; and Associates Manav Sanghvi, Nilanjana Nair, and Shivika Gupta.
DMD Advocates advised Investment Fund Denmark (formerly IFU) and FMO on their investment in Radiance Renewables Private Limited, an India-focused commercial and industrial renewable energy platform backed by Eversource Capital.
The DMD Advocates transaction team was led by Senior Partner & Head of Corporate Rashi Dhir, along with Partner Saiyam Chaturvedi, Counsel Kajal Tandon, Senior Associate Priyanka Hazarika, and Associate Aditi Kumari. The due diligence team was led by Partner Tarinee Sudan, supported by Senior Associate Priyanka Hazarika, Associates Aditi Kumari, Jasmine Brar, Shriya Sehgal, Sarvagya Shankar, and Rohan Chatterjee.
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.
