L&L advises sellers of Odisha stake to Adani Power

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L&L Partners advised AES India and AES OPGC Holding, both subsidiaries of New York-listed AES Corporation, when the two companies signed agreements for the US$135 million sale of their 49% stake in Odisha Power Generation Corporation (OPGC) to Adani Power.

The government of Odisha holds the remaining stake in OPGC. J Sagar Associates advised Adani Power.

The deal was announced on 23 June and is to close six months from the date of signing.

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