CMS INDUSLAW advised Ingka Investments Sustainable Resources B.V. (“Ingka Investments”), the investment arm of Ingka Group (the largest IKEA retailer), on its acquisition of 100% shareholding of Saimaa Solar Private Limited from IB Vogt Singapore Pte Limited.
Saimaa Solar Private Limited shall be operating subsidy-free 210 MWp solar project in Rajasthan. This marks Ingka Investments first investment in India’s renewable energy sector, as a part of its EUR 97.5 million renewable energy commitment to India.
The CMS INDUSLAW Corporate and M&A team was led by Partner Harman Walia with assistance from Principal Associate Tanmaya Negi, Senior Associates Aman Gupta and Deepansh Goyal and Associate Aanshavi Srishti.
The CMS INDUSLAW Projects team was led by Partner Shashwat Kumar with assistance from Associate Harshit Gupta.
The CMS INDUSLAW Tax team was led by Partner Lokesh Shah with assistance from Principal Associate Gaurav Goyal and Associate Aarya Jha.
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