SEMBCORP ACQUIRES 100% STAKE IN GIP-BACKED VECTOR GREEN FOR RS 2,780 CR

Singapore-listed utility company Sembcorp Industries on Sunday said it will acquire clean energy platform Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to 3 gigawatts (Gw).

AZB & Partners advised India Infrastructure Fund II (a fund managed by Global Infrastructure Partners India Pvt. Ltd.; “GIP”) in the deal. The AZB & Partners team comprised of Partners Zia Mody, Atreya Bhattacharya and Aditya Periwal.

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