Cyril Amarchand Mangaldas Advises PTC India

BW Online Bureau Sep 25, 2024

The Transaction was led by Ritika Rathi, Partner along with Sreetama Sen, Partner, with support from Nooreen Haider, Principal Associate; Bhadra Nair, Senior Associate; Aakash Rao, Associate and Esha Goyal, Associate

Cyril Amarchand Mangaldas (CAM) advised PTC India Ltd, a listed company in the sale of its subsidiary, PTC Energy Ltd to ONGC Green Limited through a bidding process. PEL has an aggregate operational wind generation capacity of 288.80 MW which is spread over 7 projects which are in Madhya Pradesh, Andhra Pradesh and Karnataka.

The Transaction was led by Ritika Rathi, Partner along with Sreetama Sen, Partner, with support from Nooreen Haider, Principal Associate; Bhadra Nair, Senior Associate; Aakash Rao, Associate and Esha Goyal, Associate.