Mourant Ozannes' Guernsey corporate team has advised Raksha Energy Holdings on its successful takeover of AIM-listed Guernsey company Mytrah Energy, in a transaction that values Mytrah at £78.9 million.
Mytrah is a large independent power producer in the Indian renewable energy sector, which has been listed on the AIM market of the London Stock Exchange since 2010.
The company has a portfolio of 1,743MW of installed and under-construction renewable power projects across nine Indian states, and one of the largest wind data banks in India.
Mourant LP Partner John Rochester led the team advising Raksha, assisted by Counsel Alex Davies and Associate Alana Nisbet. Raksha was also advised by Squire Patton Boggs LLP in London and Birmingham who managed the transaction in conjunction with exclusive financial adviser, Craven Street Capital.