Amarchand Mangaldas advised India’s largest port operator Adani Ports Special Economic Zone in its Rs 5,500 crore ($930m) buy of the Dhamra port from L&T Infrastructure and Tata Steel, which were advised by AZB & Partners Mumbai partner Shameek Chaudhuri.
Amarchand Mumbai managing partner Cyril Shroff projects partner L Viswanathan, corporate partner Ashish Jejurkar, real estate partner Sandeep Dave and competition partner Nisha Kaur Uberoi acted for Adani.
Adani is a long-standing client of Amarchand, and Shroff’s daughter had married the son of Adani promoter Gautam Adani in 2013.
An equal joint venture between L&T and Tata Steel, Dhamra port was forged in May 2011 with an 18km approach channel and a dedicated 62.7 km railway link to Bhadrak, reported the Business Standard adding that the port handled 14.3 million tonnes of cargo last year.
Adani’s shares closed up 2 per cent on Friday after the BJP’s landslide victory in the general elections, with BJP candidate Narendra Modi set to become the prime minister, reported the Reuters.
Comments
Also, Adani's share rising because of the general elections. We all know that. Again, not material to the story here. Had the prices increased because of this deal, then the case would have been different.
What could be more helpful or interesting (at least to me and I hope there are more readers who think similarly)would be the nuances of the deal, how was it different than the others, how big a deal is deal in terms of this sector, comparison to similar deals etc.
Giving a page 3 turn to every news item pushes you one step closer to a tabloid. Maybe I'm wrong, but don't think you are looking for that image.
khali pilli bakar karte ho