HSA Advocates

HSA Advocates is ranked ‘Outstanding’ in Construction and ‘Highly recommended’ in Banking and finance, Energy, Infrastructure. The firm’s founding partner Hemant Sahai is a specialist in banking and finance as well as projects, infrastructure and energy. In the last 12 months, corporate and M&A partners Jivesh Chandrayan, Rahul Talwar and Rachika Sahay joined the firm from Kochhar & Co, Desai & Diwanji and Ostro Energy, respectively.

Banking and finance

Work highlights

Advised National Highways Authority of India in obtaining $134 million investment for the development of nine national highways across the states of Andhra Pradesh, Odisha and Gujurat, India’s first bundle of projects that operates on a toll-operate-transfer basis, through nine special purpose vehicles.

Acted for HDFC Bank in relation to a loan to Amplus KN Solar, an Asian leading low carbon energy provider, for its construction, development, implementation, operation and maintenance of 175MW solar power project at Gadag district in the state of Karnataka.

Key clients

ACME Jaipur Solar ACME Solar, CMA Terminals, Maharashtra Resco Rooftop Solar, Ministry of Economy and Finance in Cambodia, Power Finance Corporation, State Bank of India, TEPSOL Projects

Construction

Work highlights

Advised the City Industrial Development Corporation in the implementation of the Re150 billion Navi Mumbai International Airport development project, which is the world’s largest greenfield PPP project. The firm finalised the concession agreement and other various related documents.

Advised the Ministry of Road, Transport and Highways and the National Highways Authority of India in drafting and finalising the bidding documents as well as execution of the concession agreements for the first bundle of nine toll national highways on toll-operate-transfer basis.

Key clients

Arinsun Clean Energy, International Finance Corporation, Maharashtra Airport Development Company, Mumbai Port Trust, NITI Aayog, Northern Operating Services, Shanghai SIIC Transportation Electric

Corporate and M&A

Work highlights

Advised Altran on its $2 billion acquisition of Aricent, a world leading engineering R&D company.

Advised ReNew Power Ventures in a bundle of acquisitions of wind power projects and energy companies in India, including the $416 million acquisition of Skerion Green Power, which has project SPVs as its subsidiaries operating wind power plants in the states of Andhra Pradesh and Karnataka with a collective capacity of 384MW.

Key clients

Auroma Logistics, Delhi Mumbai Industrial Corridor Development Corporation, KCT Management Services, Tata Power Company, Vishakhapatnam Port Trust

Private equity

Work highlights

Advised I Squared Capital on the acquisition of Reliance Communications’ sub-sea cable, which spread around 50 thousand kilometres across Asia, Europe, Middle East and the US, and its data centre business, which has nine data centres in India serving more than 700 large, medium and small enterprises.