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Desai acts for SP Ports on Shapooji Pallonji $53m JV buyout to HPCL for build Gujrat LNG Terminal

“State-owned Hindustan Petroleum Corporation Ltd (HPCL) will buy out the share of its joint venture [partner] SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being set up at Chhara in Gujarat,” reported Mint.

Desai & Diwanji advised SP Ports Private Limited, a unit of the Mumbai-based Shapoorji Pallonji Group, led by a team of senior partner Apurva Diwanji, partner Ketaki Gor Mehta and senior associate Unnita Bhattacharya.


Deal value: INR 400 Crores (USD 53 million approx)

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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