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October 27, 2015

Orient Green Power raises 250 crores

DEAL BRIEF

Orient Green Power Company Limited has raised INR 250 crore from existing promoters Shriram Venture Limited (SVL) and its subsidiaries and financial investors, including EW Special Opportunities Fund II Pte. Limited and Ecap Equities Limited, through preferential allotment.

Orient Green Power Company is one of India's leading renewable energy players with 428 MW of operational wind assets and 106 MW of operational biomass assets and is part of the Sriram Group.

Shriram Group is a financial services conglomerate founded on April 5, 1974 by Ramamurthy Thyagarajan, AVS Raja and T. Jayaraman. They have their headquarters in Chennai, Tamil Nadu, India.

OUR ROLE

We, at Nishith Desai Associates, acted as the sole legal counsel to Orient Green Power and its existing promoter, the Sriram Group and advised on strategic, legal and tax aspects including legal and tax structuring, negotiations and deal documentation.