TT&A advised KI India AS ( a joint venture between Norwegian Investment Fund for developing Countries (NORFUND) and KLP, Norway’s largest pension company) in its investment in Koppal – Narendra Transmission Limited ( TARGET) (an entity controlled by Renew Power). The deal involves subscription to equity shares and non – convertible debentures by KNI India AS where KNI india AS will hold 49% stake in the TARGET.
This deal is the first transmission investment by NORFUND in an Indian Project.
Deal Team –
Dushyant Bagga – Partner
Shivranjani Ralawata – Partner
Aashima Bhatia – Associate