Shardul Amarchand Mangaldas & Co. advises Torrent Gas Moradabad Limited to acquire 100% shareholding of Sanwariya Gas Limited

April 9, 2021

Shardul Amarchand Mangaldas & Co. advised Torrent Gas Moradabad Limited to acquire 100% shareholding of Sanwariya Gas Limited from its shareholders. The date of signing was 29 March, 2021.

This acquisition will allow the Torrent Gas Moradabad Limited to enter the city gas distribution business in the geographical area of Mathura, Uttar Pradesh.

The transaction team was led by Jatin Aneja, Partner; Kushal Sinha, Partner; Simran Kaur, Associate. Prashant Sirohi, Partner advised on PNGRB related aspects. The Diligence team was led by Prashant Sirohi, Partner; Kushal Sinha, Partner; Vaibhav Bhardwaj, Principal Associate; Charu Mehrish, Senior Associate; Simran Kaur, Associate; Surabhi Gupta, Associate; Tanusmita Ghoshal, Associate and Palash Srivastav, Associate. The Competition team was led by Yaman Verma, Partner and Ravi Gangal, Associate. Pallavi Shroff and Jatin Aneja are SAM & Co Relationship Partners.

Equilex Law Firm advised Sanwariya Gas Limited and its shareholders.