Shardul Amarchand Mangaldas advises in the setting up of Oriental InfraTrust with assets comprising 5 national highway road projects
July 8, 2019
Shardul Amarchand Mangaldas & Co (SAM & Co) has advised in the setting up of Oriental InfraTrust, a private infrastructure investment trust set up under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. Oriental InfraTrust has been set up with an initial portfolio of assets comprising five operational national highway road projects, granted under NHAI concessions. The projects, owned by Oriental Structural Engineers Private Limited and Oriental Tollways Private Limited, have been acquired by Oriental InfraTrust through a 100% share acquisition.
The General Corporate and Capital Markets practice groups at SAM & Co acted as legal counsel and advised on all aspects of the transaction including setting-up of Oriental InfraTrust under the Indian Trusts Act, 1882 and the SEBI (Infrastructure Investment Trusts) Regulations, 2014; conducting due diligence on the initial portfolio of assets; and advising on the transaction documents for the formation transaction.
The transaction teams from SAM & Co included Mr. Shardul Shroff, Executive Chairman; Mr. Arvind Sharma, Partner; Ms. Namrata Sharma, Principal Associate; Ms. Sanya Malhotra, Associate; Ms. Shivani Salunke, Associate and Ms. Meghmala Mukherjee, Associate from General Corporate.
Mr. Sayantan Dutta, Partner; Mr. Abhinav Maker, Principal Associate and Mr. Maharghya Biswas, Associate from Capital Markets.
Mr. Harman Singh Sandhu, Partner; Ms. Nitika Dwivedi, Senior Associate and Ms. Atreyee Sarkar, Senior Associate from Competition. Mr. Aashish Gupta, Partner and Mr. Aditya Mukherjee, Senior Associate from Litigation.
The value of the deal is approximately Rs. 23060 million. The date of closing was June 26, 2019.
The Bar Council of India does not permit solicitation of work and advertising by legal practitioners and advocates. By accessing the Shardul Amarchand Mangaldas & Co. website (our website), the user acknowledges that:
The user wishes to gain more information about us for his/her information and use. He/She also acknowledges that there has been no attempt by us to advertise or solicit work.
Any information obtained or downloaded by the user from our website does not lead to the creation of the client – attorney relationship between the Firm and the user.
None of the information contained in our website amounts to any form of legal opinion or legal advice.
All information contained in our website is the intellectual property of the Firm.