Cyril Amarchand Mangaldas advised Adani Ports and Special Economic Zone Limited on the acquisition of 100% stake in Abbot Point Port Holdings Pte. Ltd. from Carmichael Rail and Port Singapore Holdings Pte. Ltd.
Cyril Amarchand Mangaldas advised Adani Ports and Special Economic Zone Limited (“Company”) on its acquisition of 100% shareholding in Abbot Point Port Holdings Pte. Ltd. (“Abbot”) from Carmichael Rail and Port Singapore Holdings Pte. Ltd. (“CRPSHPL”). The acquisition will be undertaken for consideration other than cash, through the issuance and allotment of equity shares of the Company by way of a preferential issue under the SEBI (ICDR) Regulations, 2018.
The transaction involves an FDI-ODI share swap, with a transaction value of approximately INR 17,244 crores. Under the deal, the Company will acquire 100% of Abbot from CRPSHPL in exchange for equity shares of the Company. The share subscription and purchase agreement was executed on 17 April 2025. The transaction’s completion remains subject to customary conditions precedent, including regulatory and shareholder approvals.
The Cyril Amarchand Mangaldas team was led by Ruetveij Pandya (Partner), Paridhi Adani (Partner, Head – Ahmedabad), Subhalakshmi Naskar (Partner, Co-Head – Projects (Infrastructure)), and Molla Hasan (Partner).
The team was also supported by Vishvas Bharadwaj (Senior Associate), Sana Sarosh (Associate), Mansi Avashia (Associate), Kajal Singhvi (Associate), Anand Deshpande (Principal Associate), Akshay Zaveri (Principal Associate), Pauravi Kolhe (Associate), and Karma Shah (Associate).
On competition law aspects, the team was led by Avaantika Kakkar (Partner) and Dhruv Rajain (Partner), with support from Rajat Sharma (Associate), Vrinda Gundam (Associate), Parth Mishra (Associate), and Varun S. (Associate).
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