AZB & Partners advises General Electric Company (“PAC 1”), GE Albany Global Holdings B.V. (“PAC 2”), GE Industrial France SAS, ALSTOM and ALSTOM Holdings entered into a master sale and purchase agreement for the global acquisition by PAC 1, PAC 2 and GE Industrial France SAS of the thermal power, renewable power and grid businesses of ALSTOM and ALSTOM Holdings (“Primary Acquisition”). The Primary Acquisition has triggered an indirect change in control of two listed companies in India i.e. Alstom India Limited and Alstom T&D India imited and also the requirements to make open offers under the Securities and Exchange Board of India) (Substantial Acquisition of Shares and Takeovers Regulations, 2011). Approximate value of the transaction is estimated to be INR 686 billion (USD 10.6 billion). The team involved, Ashwin Ramanathan & Vaidhyanadhan Iyer (Partners) along with Manan Mehta (Senior Associate)