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.

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.

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.

Digging up projects work 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.

Amarchand top, Luthra 2nd, as Khaitan & Co makes first league table appearance in years.

Road worksExclusive: 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.

road-works-digger 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).

Road worksExclusive: Amarchand and Mangaldas has replaced last year’s project finance leader Luthra & Luthra to secure the top rank among India’s 10 highest cap project deal firms in 2011, according to data provider Dealogic.

Khaitan & Co has advised Yes Bank on granting of Rs 84 crore rupee term loan facility to Integrated Coal Mining for the development and setting up of a 9MW solar photovoltaic plant in Kutch region of Gujarat.

Desai & Diwanji has advised Wadia group-owned budget airline GoAir on the company’s acquisition of 72 Airbus 320 NEO Aircraft for $7.2bn.

image SNG & Partners, Trilegal, Boston-based Rich May and Spanish law firm Uría Menéndez have advised on Spanish Grupo T-Solar Global’s investment into Astonfield Renewable Resources heralding a strategic partnership to finance, operate and develop 200MW of solar power plants in India.

hyderabad-charminar-by_Habeeb Exclusive: Dua Associates Hyderabad has advised on the construction of a major NCC Infrastructure Rs 7,047 crore power project with Amarchand Mangaldas Delhi leading for the lenders, one year after India Legal merged with Dua following Tatva Legal’s mega-breakaway.

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