Saraf & Partners and Cyril Amarchand Mangaldas (CAM) advised on Hyderabad Metro Rail’s INR 1,461.47 crore acquisition of L&T Metro Rail (Hyderabad).
Hyderabad Metro Rail has entered into a transaction to acquire 100% of the equity share capital of L&T Metro Rail (Hyderabad) from Larsen & Toubro for INR 1,461.47 crore.
The acquisition marks a significant development in India’s urban infrastructure sector and represents one of the few instances of a large-scale urban transport concession transitioning from private sector control to complete public ownership in India.
The transaction is expected to facilitate the strategic alignment of Phase-I operations of the Hyderabad Metro with the proposed Phase-II expansion, which envisages over 160 kilometres of additional metro corridors across the Hyderabad metropolitan region.
Saraf and Partners advised Hyderabad Metro Rail Ltd. On the acquisition.
The transaction team was led by Partner Rohan Shah and comprised Associates Sanika Gadgil and Prantika Dutta.
Cyril Amarchand Mangaldas advised Larsen & Toubro Limited on the share purchase agreement for the disposal of its entire shareholding in L&T Metro Rail (Hyderabad) Limited.
The transaction was led by Partner Bhargav Joshi, with support from Associates Saumya Sharma and Arushi Kankariya.
Partner L. Viswanathan provided guidance on the transaction.
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