L&L, ELP advise on ReNew hydropower deal

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L&L Partners advised Nasdaq-listed ReNew Power on its INR10 billion (USD137 million) acquisition of L&T Uttaranchal Hydropower, which owns the 99MW Singoli Bhatwari hydroelectric project, from L&T Power Development, a subsidiary of National Stock Exchange of India and BSE-listed Larsen & Toubro (L&T).

Economic Law Practice (ELP) advised L&T. The deal closed on 30 August.

L&L Partners’ team comprised partner Avirup Nag, senior associate Ankit Sahoo, and associates Ishita Gupta and Srijita Jha.

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