Waaree Renewable Technologies Limited has successfully acquired a 55% stake in Associated Power Structures Private Limited, marking a significant transaction valued at ₹1,225 crore. This acquisition was executed through a strategic mix of primary and secondary transactions, further strengthening Waaree’s position in the renewable energy sector.
Renowned law firm Rajani Associates played a pivotal role in advising Associated Power Structures and its promoters throughout this complex transaction. The firm provided comprehensive legal support, which included the review, revision, and negotiation of definitive transaction documents. Additionally, Rajani Associates facilitated the closing of the transaction and offered general legal advisory services to ensure a seamless process.
The legal team from Rajani Associates was led by Managing Partner Prem Rajani, with significant contributions from Senior Partner Poorvi Sanjanwala, Principal Associate Rutvik Rajagopal, and Associate Sakshi Solanki. Their expertise and dedication were instrumental in navigating the intricacies of this high-value deal.
This transaction underscores the continued growth and investment momentum in the renewable energy sector, with Waaree Renewable Technologies Limited taking a substantial stake in Associated Power Structures. Such strategic investments are crucial for advancing sustainable energy initiatives and achieving long-term environmental and economic goals.
For those interested in having their legal deals, columns, or press releases featured on Bar & Bench, we encourage you to submit your information through the available form here.
