16 Apr 2026
Deal: Trilegal advised Bluspring Enterprises on its acquisition of Steag Energy Services (India)
25 Mar 2026
25 Mar 2026
Trilegal is advising Bluspring Enterprises Limited [NSE: BLUSPRING, BSE: 544414] (“Bluspring”) on its acquisition of the India business of the German energy company STEAG Power GmbH. Bluspring is acquiring Steag Energy Services (India) Private Limited (“SESI”) through Blupsring’s wholly-owned subsidiary, Bluspring New Horizon One Private Limited.
The Trilegal Transaction and Due Diligence Team advising on the matter is led by Partner: Abhishek Dubey; and supported by Senior Associate: Sarthak Sood and Associates: Pulkit Gera, Sagnik Sarkar and Aditya Kaushik.
SESI currently has two subsidiaries: STEAG Energy Services (Botswana) (Pty) Ltd., a wholly-owned subsidiary based in Botswana, and STEAG O&M Company Private Limited, a joint venture with Hinduja Energy (India) Limited. Following the completion of the transaction, both entities will become step-down subsidiaries of Bluspring. SESI is a leading service provider in the power and energy sector, offering operations and maintenance (O&M), digital solutions, and end-to-end engineering and management advisory services across the electricity value chain, supported by a team of nearly 2,000 professionals and a strong international presence.
Fairfax-backed listed company, Bluspring, is India’s leading integrated infrastructure services enterprise with a workforce of over 90,000 operating across 28 states. It supports more than 1,000 customers across healthcare, education, BFSI, commercial, IT, telecom, manufacturing and industrial, government, and PSU sectors. The acquisition will strengthen Bluspring’s capabilities across upstream and downstream power services and support its expansion in India and international markets.
Trilegal advised on all aspects of the transaction, including drafting and negotiating transaction documents, conducting legal due diligence, and coordinating with Botswana counsel for regulatory approvals.
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. With over 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.
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 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, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.
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