27 Oct 2026
Trilegal advised Unlimited Renewables Holdings B.V., a subsidiary of ACEN Corporation and 4 subsidiaries (Project SPVs) in relation to investment of up to 49% share capital held in each of the Project SPVs by Diamond India Renewables One B.V (Investor). The Project SPVs are in the process of developing solar and wind projects.
Our scope of work included assistance on conducting a vendor due diligence, structuring, and assistance with the transaction documents (including securities subscription and purchase agreement and shareholders’ agreement) on the investment by the Investor in the Project SPVs.
ACEN Corporation is the Ayala group’s listed energy company and is one of the fastest-growing renewable energy companies in Asia Pacific. With its core and largest market in the Philippines, it also has a significant presence in Australia, Vietnam, India, and Lao PDR, along with strategic investments in Indonesia and other markets. It currently has over 7 GW of attributable renewable energy capacity spanning projects in operation, under construction and with signed agreements. The transaction highlights increasing investor interest in India’s renewable energy sector, with developers unlocking capital from existing assets to fund new clean energy opportunities while supporting the country’s energy transition goals.
The Trilegal Corporate Team advising on this matter was led by Partners: Vaibhav Kothari and Tanya Nanda; and supported by Senior Associates: Arushi Chandak, Amartya Srivastava, and Arpita Chanana; and Associates: Parinishtha Ganz and Aryan Bhatia.
The Trilegal Projects Team advising on this matter was led by Partners: Nayantara Nag and Astha Srivastava; and supported by Senior Associate: Charulatha Jagdish.
The Trilegal Banking Team advising on this matter was led by Partners: Kannan Rahul and Vidhi Sarin; and supported by Senior Associate: Saksham Sharma.
The Trilegal Real Estate Team advising on this matter was led by Partner: Rahul Arora; and supported by Senior Associates: Shiv Badhwar and Kashish Jaitley.
The Trilegal Due Diligence Team advising on this matter was led by Partners: Vaibhav Kothari, Tanya Nanda, Nayantara Nag, Astha Srivastava, and Rahul Arora; and supported by Counsel: Anirudh Banga; Senior Associates: Nishtha Shukla, Rishabh Garodia, Vidur Prabhakar, Amartya Srivastava, Charulatha Jagdish, Shiv Badhwar, and Kashish Jaitley; and Associates: Parinishtha Ganz, Lakshaya Grover, Aryan Bhatia, and Saher Fatima.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:
We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:
For more information, please read our terms of use and our privacy policy.
