Adani Ports & Special Economic Zone (APSEZ) has acquired Dharma Port Company, a 50:50 joint venture between Tata Steel and L&T Infrastructure Development Projects. The transaction has been valued at Rs. 5,500 crore (approximately $941 million)..Amarchand Mangaldas acted for Adani with a team led by Managing Partner Cyril Shroff along with Projects Partner L Vishwanathan, Corporate Partner Ashish Jejurkar, Real Estate Partner Sandeep Dave and Partner Nisha Kaur Uberoi..AZB & Partners acted for the sellers with a team led by Mumbai Partner, Shameek Chaudhari..This is the largest port sector deal in India after the 2005 acquisition of Pipapav Port in Gujarat by APM Terminals BV from SKIL Infrastructure, according to ET..Image taken from here.
Adani Ports & Special Economic Zone (APSEZ) has acquired Dharma Port Company, a 50:50 joint venture between Tata Steel and L&T Infrastructure Development Projects. The transaction has been valued at Rs. 5,500 crore (approximately $941 million)..Amarchand Mangaldas acted for Adani with a team led by Managing Partner Cyril Shroff along with Projects Partner L Vishwanathan, Corporate Partner Ashish Jejurkar, Real Estate Partner Sandeep Dave and Partner Nisha Kaur Uberoi..AZB & Partners acted for the sellers with a team led by Mumbai Partner, Shameek Chaudhari..This is the largest port sector deal in India after the 2005 acquisition of Pipapav Port in Gujarat by APM Terminals BV from SKIL Infrastructure, according to ET..Image taken from here.