×

or

AZB & Partner advises KKR Singapore Pte. Ltd

AZB & Partner advises KKR Singapore Pte. Ltd

AZB & Partner advised KKR Singapore Pte. Ltd. in acquisition of 100% of the equity share capital of TN Solar by Terra. This is 1 (one) acquisition, forming part of a total of 5 (five) target company acquisitions by KKR from the Shapoorji Pallonji Group, (each acquisition being separately reported) as under: Solar Edge Power and Energy Pvt. Ltd. (“Solar Edge”); Universal Mine Developers and Service Providers Pvt. Ltd. (“UMD”); Shapoorji Pallonji Solar PV Pvt. Ltd. (“Solar PV”); Shapoorji Pallonji Suryaprakash Pvt. Ltd. (“SPS”); TN Solar Power and Energy Pvt. Ltd. (“TN Solar”). Aggregate Consideration for acquisition of all 5 SPVs by KKR from Shapoorji Pallonji group is INR 15.5 Billion/ approx. USD 205.7 Million. Consideration for acquisition of 100% of the equity share capital of TN Solar by Terra (KKR) is Confidential, however it is in excess of USD 10 Mn. Team AZB & Partners involved Partners Ashwath Rau and Atreya Bhattacharya and Senior Associate Pranav Atit.

About Lex Witness

Lex Witness Bureau

The LW Bureau is a seasoned mix of legal correspondents, authors and analysts who bring together a very well researched set of articles for your mighty readership. These articles are not necessarily the views of the Bureau itself but prove to be thought provoking and lead to discussions amongst all of us. Have an interesting read through.