Amarchand & Mangaldas & Suresh A. Shroff Co., acted as the domestic legal counsel to Power Grid Corporation of India Limited and were involved in reviewing and drafting (i) the relevant sections of the Red Herring Prospectus and the Prospectus, and (ii) the relevant transaction agreements, and advising the issuer with respect to various regulatory issues.

Power Grid Corporation of India Limited is a public listed company, and the principal electric power transmission company of India. It undertook a further public offering of its equity shares, under the fast track route in accordance with Regulation 10 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2009, comprising a fresh issue of 601,864,295 and an offer for sale of 185,189,014 equity shares, by the President of India, acting through the Ministry of Power, Government of India, aggregating to 69.59 billion (or approximately US$ 1.13 billion).

This fresh issue offering was undertaken in order to meet capital requirements for implementing 27 transmission projects, (including tower erection and stringing of power lines and substation construction).

AMSS Team comprised of Prashant Gupta, Partner, Sayantan Dutta, Principal Associate, Agnik Bhattacharyya, Senior Associate, Rishika Sengupta, Associate, Akanksha Mahapatra, Associate, Medha Kumar, Associate. Deal Value was of 1.13 billion US$.