India Grid Trust’s Acquisition of an Equity Stake in Parbati Koldam Transmission Company Limited


J Sagar Associates advised India Grid Trust on the deal.

Reliance Infrastructure Limited (RInfra) sold its entire 74% equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of ?900 crore.

Reliance Infrastructure Limited is a private sector enterprise involved in power generation, infrastructure, construction and defence.

The J Sagar Associates team consisted of partners Vishnu Sudarsan (Picture) and Shashank Vikram Singh, principal associate Kartikeya G S. The due diligence was led by senior associates Tanvi Trivedi and Divyam Sharma and associates Abhishek Sarkar and Vishakha Singh, partner Poonam Verma along with senior associate Aparajita Upadhyay and associate Sakshi Kapoor. Real estate and associated aspects were led by partnersUpendra Nath Sharma and Bharat Bhushan Sharma along with senior associate Akshay Bhagchandani and associate Mohit Aggarwal. On competition laws advised partner Vaibhav Choukse with associate Parth Sehan.

Involved fees earner: Mohit Aggarwal – J. Sagar Associates (JSA); Akshay Bhagchandani – J. Sagar Associates (JSA); Bharat Bhushan Sharma – J. Sagar Associates (JSA); Vaibhav Choukse – J. Sagar Associates (JSA); Sakshi Kapoor – J. Sagar Associates (JSA); Abhishek Sarkar – J. Sagar Associates (JSA); Parth Sehan – J. Sagar Associates (JSA); Divyam Sharma – J. Sagar Associates (JSA); Upendra Nath Sharma – J. Sagar Associates (JSA); Shashank Vikram Singh – J. Sagar Associates (JSA); Vishakha Singh – J. Sagar Associates (JSA); Vishnu Sudarsan – J. Sagar Associates (JSA); Tanvi Trivedi – J. Sagar Associates (JSA); Aparajita Upadhyay – J. Sagar Associates (JSA); Poonam Verma – J. Sagar Associates (JSA);

Law Firms: J. Sagar Associates (JSA);

Clients: India Grid Trust ;

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Author: Michael Patrini