Projects
As reported in a number of publications, Richard Branson’s Virgin Hyperloop One is exploring entering India with the largely untested ultra-fast transportation technology.
Projects
Desai & Diwanji and Luthra & Luthra acted on the sale of Jaipur Mahua Tollway, a four-laning project conessionnaire of the Jaipur-Mahua section of National Highway 11, for Rs 525 crore to ISQ Asia Infrastructure I, an affiliate of US-based fund I Squared Capital.
Desai & Diwanji Mumbai partner Ketaki Gor Mehta, assisted by associates Niharika Mepani and Rahul Deodhar, acted for the IJM group.
Luthra & Luthra partners Sameen Vyas, Manmeet Singh and Suyash Srivastava, assisted by senior associate Viplav Sharma and associates Anubha Sital and Shantanu Gupta, acted for ISQ
Only 74 per cent of equity shares will be sold now, with the remaining 26 per cent being sold after approval from the National Highways Authority of India (NHAI) through put and call options.
Projects
Vaish Associates advised Jaiprakash Power Ventures (JPVL) in selling its BASPA Hydro Electric Project and its Karcham Wangtoo project to JSW Energy for Rs 9,700 crore.
JSW Energy was advised by Amarchand Mangaldas Mumbai partners L Viswanathan, Tushar Mavani and Ramanuj Kumar and senior associates Prateek Shroff and Abhimanyu Ghosh.
Vaish partner Bomi Daruwala, senior associates Yatin Narang and Shrinivas Sankaran and associates Tanya Sharma and Priyesh Sharma acted for JPVL.
The board of directors of JPVL approved the transfer of the 1391 MW projects into its subsidiary HBPC as a going concern through a scheme of arrangement which would would enable HBPC to be acquired by JSW Energy, reported The Hindu.
Projects
Amarchand Mangaldas maintained status quo as project finance leader for the third year running and reported a greater overall deal revenue since last year, according to data provider dealogic’s year end table for 2013.
Projects
Amarchand Mangaldas solidified its lead in the Indian project finance league tables ahead of Luthra & Luthra, as AZB & Partners pushed its way into the top three.
Projects
Amarchand top, Luthra 2nd, as Khaitan & Co makes first league table appearance in years.
Projects
Exclusive: Amarchand Mangaldas has held fort as project finance leader for the second consecutive year since replacing Luthra & Luthra in 2011 at the top of the top 10, according to data provided by Dealogic. 10 front-runners this year produced less than half of the total projects revenue docketed in 2011.
Projects
Exclusive: Link Legal pipped last year’s leader Amarchand Mangaldas at the top of the 2012-half-year Dealogic project finance rankings, reporting seven deals worth Rs 27,106 crore ($4.9bn).