Desai & D, Luthra act on sale of NH-11 road for Rs 525 crore

Thursday, 11 December 2014 By Legally India Projects

Desai & Diwanji and Luthra & Luthra acted on the sale of Jaipur Mahua Tollway, a four-laning project conessionnaire of the Jaipur-Mahua section of National Highway 11, for Rs 525 crore to ISQ Asia Infrastructure I, an affiliate of US-based fund I Squared Capital.

Desai & Diwanji Mumbai partner Ketaki Gor Mehta, assisted by associates Niharika Mepani and Rahul Deodhar, acted for the IJM group.

Luthra & Luthra partners Sameen Vyas, Manmeet Singh and Suyash Srivastava, assisted by senior associate Viplav Sharma and associates Anubha Sital and Shantanu Gupta, acted for ISQ

Only 74 per cent of equity shares will be sold now, with the remaining 26 per cent being sold after approval from the National Highways Authority of India (NHAI) through put and call options.

Desai & DiwanjiLuthra & LuthraL&L Partners

Comments

Guest 11 Dec 2014, 09:33
+3 -4
Finally a deal by luthra. yay
Guest 11 Dec 2014, 10:16
+8 -4
That's not surprising....while a firm like desai dewanji managed to do it with a team of three it took luthra double the team and triple the number of partners.
angoor 11 Dec 2014, 17:22
+7 -1
sour grapes. Are you Desai Diwanji?
Confused 11 Dec 2014, 19:46
+2 -7
Eh? What's sour grapes about it? Careless and reckless commenting pointing fingers at the firm you just acted opposite. One wonders if you ran amok during negotiations as well.
Not Invited 11 Dec 2014, 13:59
+9 -2
@Guest clearly hasn't realized the difference between the role of Investors' counsel and Seller's/Promoter Counsel.
Law Student 11 Dec 2014, 16:25
+1 -4
Pray tell and shine the light of knowledge on our ignorant minds.
Observer 11 Dec 2014, 16:28
+2 -2
Umm.....I have seen many articles for similar and more complex deals were the investor counsel was represented by a team led by a single partner....so you have clearly not understood the meaning of efficiency, ability and going easy on the client's pocket.
small time law firm 11 Dec 2014, 14:00
+0 -1
Guest must have always been a seller's counsel.
Attaboy 11 Dec 2014, 19:47
+1 -3
Good to see contemporaries - small firms and luthra - looking out for each other.
Guest 11 Dec 2014, 20:48
+12 -2
Viplav good to see you back in action
Guest 12 Dec 2014, 13:52
+5 -0
Viplav the rockstar!
Guest 13 Jan 2015, 08:54
+0 -3
Go niharika!
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