Cyril Amarchand Mangaldas advised Green Growth Equity Fund, a Category II Alternative Investment Fund, managed by its investment manager Eversource Capital Private Limited in relation to its proposed exit from Ayana Renewable Power Private Limited, a company engaged in the business of producing, generating, developing, and operating renewable energy power projects in India.
This deal is one of the biggest-ever acquisitions in India’s clean energy space.
The transaction team was led by Surya Sreenivasan, Partner; Aditi Manchanda, Partner; with support from Anukriti Bhattad, Associate; and Kaushik Raichura, Associate.
The share purchase agreement in relation to the transaction was executed on February 12, 2025.