CAM Advises Adani Ports On USD 1.397 Billion Investment By Mundi Limited
Adani ports has signed definitive documents whereby Mediterranean Shipping Company shall purchase 49% stake in Adani Vizhinjam Port Private Limited.
Adani Ports and Special Economic Zone Ltd has agreed to sell 49% stake in its transshipment port at Vizhinjam in Kerala.
Cyril Amarchand Mangaldas advised Adani Ports and Special Economic Zone Limited on investment by Mundi Limited, a subsidiary of Terminal Investment Limited.
Adani Ports and Special Economic Zone Limited (APSEZL) has signed definitive documents whereby Mundi Limited (Mundi), a subsidiary of Terminal Investment Limited, the terminal arm of Mediterranean Shipping Company shall purchase and subscribe to shares constituting 49% stake in Adani Vizhinjam Port Private Limited (AVVPL) for USD 1.397 billion. AVPPL holds the concession to develop and operate the port at Vizhinjam in Kerala on a DBFOT basis (Project).
The transaction team was led by Surya Sreenivasan, Partner; with assistance from Yashaanki Kora, Senior Associate. Team led by Dhruv Rajain and Vijay Pratap Singh Chauhan, Partners; with assistance from Rajat Sharma, Principal Associate; Vrinda Gundam, Senior Associate Designate; and Parth Mishra, Associate; advised on competition related aspects.
Paridhi Adani, Partner (Head - Ahmedabad); provided strategic inputs throughout the transaction.