Trilegal advises British International Investment plc on its USD 100 million investment in ReNew Photovoltaics

Trilegal has successfully advised British International Investment plc (BII), the UK government’s development finance institution, on its inaugural investment in India’s solar manufacturing sector. BII has committed to invest USD 100 million (~?870 crore) to ReNew Photovoltaics Private Limited, a group company of ReNew Energy Global plc, to bolster the growth of its solar manufacturing operations in India.

Trilegal provided BII with end-to-end assistance on the deal including legal due diligence, structuring of the transaction and drafting and negotiating the transaction documents.

The Transaction was led by Partner: Sneha Vardhan; and supported by Counsel: Vyshnav Karthik; Senior Associate: Vishesh Mehrotra; Associates: Roopam Dadhich, Sakshi Rajawat, Jatin Soni, Drishti Rajain, Shreya Khandelwal, and Tanay Saluja.

The Trilegal Projects Team advising on the mandate was led by Partner: Niharika Puri; and supported by Senior Associates: Anurag Tripathi, Aishwarya Satpathy, and Shikhar Venkatesh; Associates: Ashu Bhargava, Sanchita Bhat, and Yashna Singh.

The Trilegal Labour and Employment Team advising on the mandate was led by Partner: Kanishka Maggon; and supported by Senior Associate: Tania Gupta; Associate: Shreya Patni.

The Trilegal Technology, Media and Telecommunications Team advising on the mandate was led by Partner: Jyotsna Jayaram; and supported by Senior Associate: Sidharth Ray and Sindhu A; Associates: Pranay Jalan and Karthik Rai.

The Trilegal Intellectual Property Team advising on the mandate was led by Partner: Kirti Balasubramanian and supported by Associate: Paarth Samdani.

Media link:

ReNew secures USD 100 mn investment from British International Investment

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as M&A Firm of the Year by IFLR Asia-Pacific 2024; Best Overall Law Firms by India Business Law Journal (IBLJ) 2024; Innovative Lawyers Asia-Pacific by Financial Times (FT) 2024; Law Firm of the Year by Deal Volume by VCCircle Awards 2024; India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; Best Law Firms to Work by Vahura 2022; Firm of the year for Client Service Excellence by Asia Law Awards 2021.