01 June 2018

Carey Olsen advises on takeover of Mytrah Energy

Carey Olsen's corporate team in Guernsey has advised long-standing client Mytrah Energy Limited on its £78.9 million takeover by Raksha Energy Holdings Limited.

Mytrah, a large independent power producer in the Indian renewable energy sector, has also delisted from the London Stock Exchange's AIM. The company has a portfolio of 1,743 MW of installed and under construction renewable power projects across Punjab, Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.

Working alongside onshore counsel Gowling  WLG, the Carey Olsen team advising Mytrah was led by partner Tom Carey, with assistance from senior associate James Stockwell.