Trilegal Advises GIC On Acquisition of 100% Shareholding of Aseem Infrastructure Finance

Trilegal is advising GIC on the acquisition of 100% shareholding of Aseem Infrastructure Finance by TPG-led consortium.

TPG will acquire a 100% stake in Aseem Infrastructure Finance from NIIF and other shareholders through its climate investing platform, partnering with GIC and ICICI Bank in a deal that strengthens its presence in India's sustainable infrastructure financing space.

Aseem Infrastructure was founded by the government-promoted National Investment and Infrastructure Fund (NIIF) and counts the Government of India and Japan's SMBC among its minority shareholders.

Over the last six years, the company has emerged as a leading sustainable infrastructure debt financier, with a core focus on renewable energy, power transmission and other infrastructure assets across India.

It has disbursed more than ₹40,000 crore in loans, financing over 27 GW of renewable energy projects and 2,000 km of power transmission projects, cumulatively helping abate 33 million tonnes of greenhouse gas emissions, the statement said.

The firm is advising GIC on all aspects of this transaction, including GIC’s rights under the transaction documents and the RBI application for change in control of Aseem Infrastructure Finance.

The Trilegal Corporate Practice Team advising on the mandate was led by Partner: Harsh Maggon; and comprised Counsel: Nehal Binani and Senior Associate: Ritika Dhabaria.

The Trilegal Financial Regulatory Practice Team was led by Partner: Shruti Rajan; and supported by Counsel: Jitesh Maheshwari and Senior Associate: Ananya Dash.