In a decisive move for India’s renewable energy space, SolarArise India Projects and its subsidiaries have changed hands entirely, with Neo Infra Income Opportunities Fund acquiring a full 100% stake.
The seller, Asian Energy Impact Trust plc—formerly listed on the London Stock Exchange—executed the sale through its joint liquidators, with Cyril Amarchand Mangaldas (CAM) leading the legal helm.
SolarArise brings with it a formidable portfolio: 433.5 MWp of solar power projects spanning Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana. With this acquisition, Neo Infra plants its flag firmly in the renewable sector, marking its first significant foray into green energy.
The transaction was handled by a multi-pronged CAM team across energy, corporate, and tax verticals. The effort was spearheaded by Ramanuj Kumar, Co-Head of the Projects – Energy and Transition practice, alongside a group of partners, principal associates, and associates who mapped out every aspect of the deal—from structuring and corporate governance to taxation.
This acquisition not only strengthens Neo Infra’s portfolio but also signals a growing appetite for large-scale renewable assets in India’s clean energy transition.
