Khaitan & Co. advised CESC Limited in relation to its acquisition of a 56 MW green field hydro power asset in Sikkim, by acquiring 100% stake in Pachi Hydro Power Projects Limited, a wholly owned subsidiary of Indiabulls Group.

Pachi Hydro Power Project Limited, a wholly owned subsidiary of Indiabulls Group has been formed for undertaking a 60 MW hydroelectric project (later revised to 56 MW) located on Pachi river in East Kameng district of Arunachal Pradesh on a build, own, operate and transfer basis for a period of 40 (forty) years in the state of Arunachal Pradesh, India. Team Khaitan comprised of Amitabh Sharma &Nishant Singh.