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Amarchand for Adanis opposite AZB in $930m Dhamra port sale

Amarchand Mangaldas advised India’s largest port operator Adani Ports Special Economic Zone in its Rs 5,500 crore ($930m) buy of the Dhamra port from L&T Infrastructure and Tata Steel, which were advised by AZB & Partners Mumbai partner Shameek Chaudhuri.

Amarchand Mumbai managing partner Cyril Shroff projects partner L Viswanathan, corporate partner Ashish Jejurkar, real estate partner Sandeep Dave and competition partner Nisha Kaur Uberoi acted for Adani.

Adani is a long-standing client of Amarchand, and Shroff's daughter had married the son of Adani promoter Gautam Adani in 2013.

An equal joint venture between L&T and Tata Steel, Dhamra port was forged in May 2011 with an 18km approach channel and a dedicated 62.7 km railway link to Bhadrak, reported the Business Standard adding that the port handled 14.3 million tonnes of cargo last year.

Adani’s shares closed up 2 per cent on Friday after the BJP’s landslide victory in the general elections, with BJP candidate Narendra Modi set to become the prime minister, reported the Reuters

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