Gammon India has sold nine Indian project companies of Gammon Infrastructure Projects to a subsidiary of US asset management giant Brookfield Asset Management for a cash value of around Rs 563 crore of cash, reported Mint.

Shardul Amarchand Mangaldas Mumbai managing partner Akshay Chudasama acted for Brookfield, with partner Deepto Roy and principal associate Roopal Kulsreshtha.

Agram Legal Consultants founding partner Vaishali Sharma, who was formerly a partner at Khaitan & Co and AZB & Partners before setting up the firm in 2014, acted for Gammon with associate Disket Angmo.

According to Mint, Bookfield, which manages $200bn of assets, is buying the following assets in the transaction from debt-ridden Gammon: Andhra Expressway Ltd, Rajahmundry Expressway Ltd, Kosi Bridge Infrastructure Co Ltd, Gorakhpur Infrastructure Co Ltd, Mumbai Nasik Expressway Ltd, Vijayawada GunduGolanu Road Project Ltd, Pravara Renewable Energy Ltd, Sikkim Hydropower Ventures Ltd and Aparna Infraenergy India Pvt Ltd.

Gammon told stock exchanges that it would add Rs 563 crore to its bank balance in the deal, though whether Brookfield would assume some of Gammon’s debts wasn’t immediately apparent.

Brookfield is also considering several other investments into India, reported Mint yesterday.

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Like +7 Object -17 Guest 28 Aug 15, 11:36  controversial
How about some articles on interesting projects that law schools are working on? Or interesting faculty hires by law schools? Thousands of articles on petty law firm deals but none on this. You should contact the various national law schools and find out.
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Like +4 Object -4 Guest 28 Aug 15, 13:26
Quoting Guest:
How about some articles on interesting projects that law schools are working on? Or interesting faculty hires by law schools? Thousands of articles on petty law firm deals but none on this. You should contact the various national law schools and find out.

Your comment indicates that you are a small fish, try growing up.
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Like +6 Object -1 WTF 28 Aug 15, 11:50  interesting
What about the others who burned midnight oil on this?
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Like +2 Object -2 Res Ipsa 28 Aug 15, 12:24
Yeah! WTF - what about EVERYONE else?????
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Like +13 Object -0 Fun 28 Aug 15, 13:06  interesting  top rated
Don't speak about oil much, USA might invade your firm along with you.
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Like +0 Object -0 Soy 28 Aug 15, 14:50
Peda...
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Like +5 Object -11 Sam co 28 Aug 15, 12:53  controversial
Not taking away any credit - but it is your job to burn the midnight oil and get the deal across the line. This client has been brought in by Akshay And there is nothing wrong in GiVing him credit for it. The others including junior partners and associates have valiantly played their part and kudos to them for it. Big ticket clients come for that star power and not for hard working team members - that's a given. Wait your turn, achieve the same heights through your hard work and your turn will also come. Till that time- don't be GREEDY
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Like +10 Object -1 Cyclist 28 Aug 15, 14:02  interesting
And where would these BIGGIES be without their support teams? A little bit of humility won't harm!
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Like +0 Object -0 Guest 29 Aug 15, 22:32
when the biggies started their careers even they did not get credit for all the deals they worked on initially..chill guys
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Like +3 Object -1 Wah 28 Aug 15, 16:14
Quoting Sam co:
Not taking away any credit - but it is your job to burn the midnight oil and get the deal across the line. This client has been brought in by Akshay And there is nothing wrong in GiVing him credit for it. The others including junior partners and associates have valiantly played their part and kudos to them for it. Big ticket clients come for that star power and not for hard working team members - that's a given. Wait your turn, achieve the same heights through your hard work and your turn will also come. Till that time- don't be GREEDY

Spoken like a true SAM-ian!
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Like +3 Object -2 kianganz 28 Aug 15, 13:50
As we've pointed out before, particularly when a deal is breaking, we can't get all details yet with entire teams.

90% of the story for us at LI is the law firm and the lead partner. Everyone else who slogged on a deal deserves credit, but that's proverbial icing on the cake.

In any case, we've updated now with more names.
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Like +10 Object -1 Old Wine in New Cup 28 Aug 15, 14:29  interesting
SAM continues to retain the erstwhile AMSS principle of not naming the associates and senior associates. And we thought that times they are a changin'.
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Like +9 Object -0 Greedy Junior 28 Aug 15, 16:23  interesting
Forget all, just tell any news about appraisal :P
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Like +2 Object -0 Infra 28 Aug 15, 17:10
Infra deal- in CAM's backdoor- great beginning for the SAM Mumbai Infra team- wasn't Gammon a CAM client?
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Like +1 Object -2 Francis J Underwood 28 Aug 15, 17:23
Yes, back in 2009 when a QIP was undertaken by Gammon. But Gammon jumped ships to Agram this time and not to SAM!
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Like +3 Object -0 Infra 28 Aug 15, 18:20
Umm ... one of the reasons for that might be... oh wait... SAM was representing the buyers- do you think that's why?
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Like +0 Object -0 green lantern 29 Aug 15, 09:40
Gammon qip was my cam not Sam. Am sure gammon had some law firm or the other before. Using an old qip to assess current firm is silly.
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Like +0 Object -0 Haha 29 Aug 15, 18:04
SAM ka SAC bana diya! Whaddaplaya
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