Amarchand Mangaldas will act as the sole legal advisor to Vedanta Resources on its restructuring and for merger of its largest subsidiaries, Sterlite Industries and Sesa Goa.
Vedanta Resources is planning to simplify its business structure by merging its Indian subsidiaries into a single unit called ‘Sesa Sterlite’ to improve cash flows and reduce its debt, according to media reports.
Amarchand Mangaldas Delhi team will work on several aspects of the scheme of reorganization, merger and amalgamation.
The team will be led by Managing Partner Shardul Shroff along with Partners Kalpataru Tripathi and Pallavi Shroff, Principal Associates . . .
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