Dilip Buildcon Limited - Solar Portfolio Transaction
Khaitan & Co advised on the proposed divestment by Dilip Buildcon Ltd in favour of Alpha Alternatives Fund Advisors LLP of its 49% equity stake in ten special purpose vehicles (held through DBL Renewable Pvt Ltd) undertaking the development, design and engineering of an approximately 1,363 MW (AC) grid-connected solar photovoltaic portfolio across 163 locations in Madhya Pradesh.