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AZB, CAM, CC, LW act on Total 37% buy into Adani Gas for $714m (Oct ‘19)

French oil and gas major Total SA... announced buying a little over 37% stake in Adani Gas Ltd, the Gujarat-based Adani Group arm that sells natural gas as automotive and kitchen fuel, for an estimated Rs 5,700 crore.

The Times of India

AZB & Partners advised Total Holdings SAS led by a team of partners Zia Mody, Ashwath Rau, Kashish Bhatia and Medha Marathe, senior associate Armaan Patkar.

Update 23 February 2021: Cyril Amarchand Mangaldas advised the Adani Family, who are promoters of Adani Gas Limited (Adani Gas) and Adani Gas, led by a team of managing partner Cyril Shroff, partner L Viswanathan, partner Ravi Kumar, partner Ruetveij Pandya, partner Paridhi Adani, with support from principal associate Jeeta Nayak, senior associate Prashant Bakhru, associate Shara Madan, and associate Dipti Bajaj. Tax advice was provided by a team led by head of tax Daksha Baxi with support from principal associate Surajkumar Shetty and associate Bipluv Jhingan. Competition law advice was provided by a team led by partner Avaantika Kakkar, with support from principal associate Dhruv Rajain, and associate Ruchi Verma. Regulatory advice was provided by a team led by partner Jatinder Cheema, with support from senior associate Akshat Razdan.

Other law firms involved in the transaction include Latham & Watkins LLP, which acted for Total.

Clifford Chance LLP acted as international legal counsel to Adani Gas.


(closing on 28 February 2020)

Deal value: Approx. INR 51.52 Billion / USD 714 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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