DSK Legal, Cyril Amarchand Mangaldas act on TiL investing $1.3 billion in Adani Vizhinjam Port
Terminal Investment Limited is investing $1.397 billion for the acquisition of 49% stake in Adani Vizhinjam Port Private Limited, the concessionaire for Vizhinjam Port, from Adani Ports and SEZ Limited. The total consideration will be paid in two tranches: $539 million for the 49% stake in Adani Vizhimjam Port and $858 million upon completion of the Vizhinjam port's expansion by December 2028. DSK Legal assisted TiL in inter alia advising on the overall transaction structure; conducting legal due diligence on Adani Vizhimjam Port; drafting/reviewing, negotiating and finalizing the Transaction documents including share purchase and subscription agreement, shareholders’ agreement and other…
Sources
- Bar & Bench - Dealstreet
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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