Shardul Amarchand Mangaldas & Co. advises Bharat Road Network Limited & other shareholders in relation to divestment of their 100% equity stake in Shree Jagannath Expressways Private Limited
February 3, 2021
Shardul Amarchand Mangaldas & Co. advised Bharat Road Network Limited and other shareholders in relation to divestment of their 100% equity stake in Shree Jagannath Expressways Private Limited, a project SPV engaged in the development, operation and maintenance of a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha pursuant to a concession granted by NHAI, to India Highway Concession Trust, an infrastructure investment trust set up by Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ). The transaction is subject to regulatory approvals and other closing conditions.
The transaction team was led by Siddhartha Sen, Partner; Dhrupad Pant, Senior Associate; Simran Kaur, Associate; and Rishab Chaudhary, Associate.
Cyril Amarchand Mangaldas advised Caisse de dépôt et placement du Québec.
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