Trilegal and Cyril Amarchand Mangaldas (CAM) advised on Indus Infra Trust’s proposed acquisition of four road sector special purpose vehicles (SPVs) from KNR Constructions Limited, for a total consideration of approximately ₹1,543 crore.
The SPVs, KNR Palani Infra Private Limited, KNR Guruvayur Infra Private Limited, KNR Ramagiri Infra Private Limited, and KNR Ramanattukara Infra Private Limited, own and operate road projects under the Hybrid Annuity Model (HAM) across the states of Tamil Nadu, Andhra Pradesh, and Kerala.
Trilegal advised Indus Infra Trust on all aspects of the transaction, including legal due diligence of the SPVs, drafting, negotiation and finalisation of the share purchase agreements, and ongoing assistance on closing matters.
The Corporate team was led by Partners Abhinav Maker and Rachita Bhat, supported by Counsel Neethu Roy, Senior Associates Ananya Kumar and Gayathri Kamath, and Associates Aryan Y., Mayur Kulkarni, Aayush Jain and Annanya Bajpai.
The Projects team was led by Partners Niharika Puri and Megha Kaladharan, with support from Senior Associate Shikhar Venkatesh and Associates Adi Narayanan Mamandur Kidambi, Ashu Bhargav, Sanchita Bhat and Yashna Singh.
CAM acted as legal counsel to KNR Constructions Limited on the sale of the four road assets to Indus Infra Trust.
The CAM transaction team comprised Ajay Sawhney and Pulkit Zamindar.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
