Link Legal advised GMR whose road development arm GMR Highways sold 74 per cent stake in its special purpose vehicle GMR Ulundurpet Expressways to IDFC’s India Infrastructure Fund for Rs 222 crore ($35m). IDFC was advised by Argus Partners.
Link Legal Delhi partners Anand Srivastava and Venkat Satyanarayana, senior associate Milind Jha and associate Namita Das acted for GMR for which this is the second major divestment in less than six months, according to Mint.
Udwadia Udeshi & Argus Partners managing partner Krishnava Dutt, senior associate Shubha Karra and associate Nirali Sanghvi acted for IDFC whose India Infrastructure Fund is managed by the alternate asset management arm of IDFC, according to VC Circle.
GMR Ulunderpet operates the highway stretch of 73 km from Tindivanam to Ulundurpet on National Highway-45 in Tamil Nadu.
Comments
Thank you for your comment and no they have not split. That was an unintentional slip in the copy which has now been corrected.
Best wishes,
Prachi
Not sure about the Cyril or Zia analogy, but yes, Krishnava is definitely a brilliant lawyer. Doing well in a market like Mumbai is a totally different ball game than rooling the roost in Calcutta. One hopes to hear and see more of him. Also, curious as to how long this "merger" with Udwadia will last.
He was an original founder but since left. Not sure of the reasons
He was an original founder but since left. Not sure of the reasons[/quote]
Argho has since left Argus and joined ICICI Bank where he was heading International ops legal. A real loss to Argus.