Shardul Amarchand advises Gujarat State Petroleum Corporation on 3rd largest M&A transaction of 2024

Gujarat State Petroleum Corporation Limited has entered into a merger with Gujarat State Petronet Limited, GSPC Energy Limited into Gujarat Gas Limited and the demerger of the gas transmission business into GSPL Transmission Limited.

The scheme involves transfer of multiple assets in regulated sectors, such as gas transmission, gas trading and oil and gas exploration.

Shardul Amarchand Mangaldas & Co advised Gujarat State Petroleum Corporation on these M&A transactions.

The transaction team was led by Jatin Aneja, Partner and National Practice Head, Infrastructure, Energy and Project Finance; Anirudh Das, Partner; Kushal Sinha, Partner; Kanwardeep Kapany, Principal Associate; Aditya Thyagarajan, Senior Associate; Ishita Sehgal, Senior Associate; Sankalp Udgata, Associate; Pratyush Gupta, Associate.

The competition team was led Manika Brar, Partner; Rahul Shukla, Principal Associate; Anjali Kumar, Senior Associate, VR Neelakantan, Partner and Anuj Singh Chauhan, Senior Associate who advised on the regulatory framework applicable to oil and gas assets of the parties.

The deal is reported as the third largest M&A transaction as of date in 2024.

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