India Grid Trust has signed a Securities Purchase Agreement on December 18, 2020, for the acquisition of 100% in FRV Andhra Pradesh Solar Farm-I & FRV India Solar Park II - from FRV Solar Holdings XI B.V. The completion of acquisition would depend upon receipt of relevant approvals and completion of contractual obligations.
Cyril Amarchand and PriceWaterHouse Coopers represented IndiGrid on the transaction. Khaitan & Co and Greenstone Advisors represented FRV Group on the transaction.