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CAM, WG on $275m Adani buy of Marine Infrastructure port from L&T

“Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of the Adani Group, announced that it has executed a Share Purchase Agreement between Larsen and Toubro Ltd, Marine Infrastructure Developer Pvt. Ltd (MIDPL), L&T Shipbuilding Ltd and Adani Kattupalli Port Pvt. Ltd to acquire 97 per cent shares of MIDPL. MIDPL is the developer and operator of Kattupalli Port,” according to Steelguru.

Cyril Amarchand Mangaldas advised Adani Ports and Special Economic Zone Limited led by a team of managing partner Cyril Shroff, and partners L Viswanathan and Vandana Sekhri.

Also advising was Wadia Ghandy.

2018-06-27

Deal value: Rs 1,950 crores

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