Deal Corner
July 01, 2011
Everest Capital (M) Limited, a Mauritius-based entity registered with the Securities and Exchange Board of India (SEBI) as a Foreign Venture Capital Investor (FVCI) and a part of Asia Pacific Capital, an offshore private equity fund

DEAL BRIEF

Everest Capital (M) Limited, a Mauritius-based entity registered with the Securities and Exchange Board of India ("SEBI") as a Foreign Venture Capital Investor ("FVCI") and a part of Asia Pacific Capital, an offshore private equity fund, has entered into definitive agreements and proposes to acquire significant stake in Birla Surya Limited, a part of the diversified conglomerate, Yash Birla Group, in India.

Birla Surya Limited will undertake construction, development and setting up of a greenfield facility for manufacturing of multi crystalline silicon solar photovoltaic cells, fabrication of multi-crystalline silicon wafers and other related products, using solar grade silicon in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to Everest Capital (M) Limited for this transaction. Our role involved in undertaking due diligence, negotiating, drafting and finalizing the definitive agreements for this transaction.

Disclaimer

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Deal Corner

July 01, 2011

Everest Capital (M) Limited, a Mauritius-based entity registered with the Securities and Exchange Board of India (SEBI) as a Foreign Venture Capital Investor (FVCI) and a part of Asia Pacific Capital, an offshore private equity fund

DEAL BRIEF

Everest Capital (M) Limited, a Mauritius-based entity registered with the Securities and Exchange Board of India ("SEBI") as a Foreign Venture Capital Investor ("FVCI") and a part of Asia Pacific Capital, an offshore private equity fund, has entered into definitive agreements and proposes to acquire significant stake in Birla Surya Limited, a part of the diversified conglomerate, Yash Birla Group, in India.

Birla Surya Limited will undertake construction, development and setting up of a greenfield facility for manufacturing of multi crystalline silicon solar photovoltaic cells, fabrication of multi-crystalline silicon wafers and other related products, using solar grade silicon in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to Everest Capital (M) Limited for this transaction. Our role involved in undertaking due diligence, negotiating, drafting and finalizing the definitive agreements for this transaction.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.