Adani Power Ltd’s 49% Acquisition of Stake in Odisha Power Generation Corp


J Sagar Associates (JSA) advised Adani Power on the deal.

As reported in Legally India and in others online publications AES Corp completed the 49% sale of stake in Odisha Power Generation Corp to Adani Power Ltd

Odisha Power Generation Corporation Limited (OPGC) operates thermal power generating stations, the Company provides power generation, transmission, and distribution services.

The AES Corporation acquires, develops, owns, and operates generation plants and distribution businesses in several countries, sells electricity under long term contracts and serves customers under its regulated utility businesses.

The J Sagar Associates (JSA) acted for Adani Power led by partners Sandeep Mehta (Picture) and Rajesh Pal with senior associate Prannoy Semwal.

Involved fees earner: Sandeep Mehta – J. Sagar Associates (JSA); Rajesh Pal – J. Sagar Associates (JSA); Prannoy Semwal – J. Sagar Associates (JSA);

Law Firms: J. Sagar Associates (JSA);

Clients: Adani Power;

Author: Michael Patrini