Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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May 02, 2025

Fortum India Private Limited (“FIPL”) in connection with the sale of shares of FIPL and its affiliates/subsidiaries in India.

AZB & Partners advised Fortum India Private Limited (“FIPL”) in connection with the sale of shares of FIPL and its affiliates/subsidiaries in India, to New York’s I Squared Capital backed Hexa Climate Solutions.

Through this deal, Fortum Oyj (Finland’s state-run energy utility) has exited India’s renewable energy market by selling its platform – FIPL along with its affiliates/subsidiaries (including its management company, carbon credits, and a 40-member team). The total portfolio included a 206 MW commercial and industrial renewable energy portfolio and another 600 MW ready-to-build renewable energy projects.

Our deal team comprised of Senior Partner Anuja Tiwari, Partner Mallika Anand, Counsel Pranjal Bhattacharya, Senior Associate Aman Raj and Associate, Munmun Kadam.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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