Global Power Synergy’s Acquisition of 46% Stake in Avaada Energy

Khaitan & Co. advised Global Renewable Synergy Company Limited on the deal.

Global Renewable Synergy Company Limited executed an investment of approximately THB 14,825 million (approx. USD 453 million)  by way of subscription of new shares (approx. 41.6% of equity interest) in Avaada Energy Private Limited.

GRSCL and GPSCL are part of Thailand’s PTT Public Company Limited which is owned and controlled by the Government of Thailand.

The Khaitan & Co. team consisted of Partner Haigreve Khaitan (Picture), Partner Dibyanshu and Principal Associate Sagar BM, as well as Principal Associate Prateek Bhandari, Principal Associate Shikha Rastogi, Senior Associate Nikesh Tyagi and Associate Sathyajith Nair.

Involved fees earner: Prateek Bhandari – Khaitan & Co.; Sagar BM – Khaitan & Co.; Dibyanshu – Khaitan & Co.; Haigreve Khaitan – Khaitan & Co.; Sathyajith Nair – Khaitan & Co.; Shikha Rastogi – Khaitan & Co.; Nikesh Tyagi – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Global Power Synergy Public Company;

Author: Sonia Carcano