1. Home
  2. >

Built to inform

Sign up for the daily newsletters

No, Thank you

Shapoorji Pallonji Infrastructure Capital Co to sell 317 MWp solar assets to KKR

The assets will be sold for a total consideration of Rs 15,540 million

Shapoorji Pallonji Infrastructure Capital Company, SP Infra, Infrastructure developer, KKR, Solar energy assets, Maharashtra, Tamil Nadu, Edelweiss Financial Services, Khaitan & Company, PwC, AZB & Partners, Simpson Thacher, Legal advisors, EY, M&A advisor

Shapoorji Pallonji Infrastructure Capital Company (SP Infra), an infrastructure developer, and investment firm KKR have signed definitive agreements under which SP Infra will sell five operational solar energy assets to KKR.

The solar energy assets will be sold for a total consideration of Rs 15,540 million (approximately USD 204 million).

The portfolio comprises 169 MW (DC) in Maharashtra and 148 MW (DC) in Tamil Nadu.

The transaction is subject to customary approvals. Edelweiss Financial Services acted as the exclusive financial advisor to SP Infra.

Khaitan & Company and PwC acted as SP Infra’s legal and tax advisors. AZB & Partners and Simpson Thacher acted as KKR’s legal advisors and EY acted as their M&A advisor.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020