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Announced

21 Jun 2022

Completed

16 Aug 2022

ThomasLloyd completed the acquisition of a 43% stake in SolarArise India for $33m.

Synopsis

ThomasLloyd, a renewable energy investment trust, completed the acquisition of a 43% stake in SolarArise India, a firm that owns seven solar power projects situated in five states across India, for $33m.

Principals

target

Solararise India

bidder

Thomaslloyd Group

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Market Context

Dealmakers (28)

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Anil Nayar

ManagerCo-Founder and Board Member at SOLARARISE INDIA

James Abraham

ManagerCo-Founder and Board Member at SOLARARISE INDIA

Tanya Singhal

ManagerCo-Founder and Board Member at SOLARARISE INDIA

Navruz Vakil

LawyerPartner at Shardul Amarchand Mangaldas & Co

Deepto Roy

LawyerPartner at Shardul Amarchand Mangaldas & Co

Abhijit Mukherjee

LawyerPrincipal Associate at Shardul Amarchand Mangaldas & Co

Shivang Sinha

LawyerSenior Associate at Shardul Amarchand Mangaldas & Co

Varnika Mohan

LawyerSenior Associate at Shardul Amarchand Mangaldas & Co

Rupal Pangati

LawyerAssociate at Shardul Amarchand Mangaldas & Co

Rose Ramsden

Financial AdvisorAssistant Director at Shore Capital & Corporate

Anneliese Diedrichs

ManagerHead of Corporate Communications at THOMASLLOYD GROUP

Michael Sieg

ManagerCEO and Chairman at THOMASLLOYD GROUP

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