Cyril Amarchand Mangaldas Advised Adani Road Transport Limited on Acquisition of Yashodhan Highways and KN Highways Development
The leading law firm in India, Cyril Amarchand Mangaldas, acted as legal counsel to Adani Road Transport Limited, a wholly owned subsidiary of Adani Enterprises Limited, in connection with its acquisition of 100% stake in Yashodhan Highways Private Limited and KN Highways Development Private Limited from DRN Infrastructure Private Limited.
KN Highways Development Private Limited holds the concession to develop existing State Highway 79 from Kollegal to Hannur (km 0.000 to km 4.900 along Kollegal and Madhuvanhalli Bypass, and from km 66.888 to km 85.770 of SH-79, length 23.8 kms), State Highway 82 from Chintamani to AP Border (km 47.203 to km 86.977 of SH-82, length 39.8 kms), and State Highway 85 from Bengaluru (NICE Road) to Magadi (km 15.325 to km 50.850 of SH-85) and further to NH 75 via Chikkamudigere and Iyandahalli (km 50.850 to km 66.150 of MDR, length 50.7 kms) in Karnataka on a DBFOT HAM basis. Yashodhan Highways Private Limited holds the concession to develop NH-83 from Kamalapuram to Oddanchatram (km 0.000 to km 35.822, length 36.505 km) in Tamil Nadu on a HAM basis.
The Cyril Amarchand Mangaldas transaction team was led by Paridhi Adani (Partner, Head – Ahmedabad) and Jay Parikh (Partner), with assistance from Akshay Zaveri (Principal Associate), Ayushi Toshniwal (Principal Associate), Yashaanki Kora (Associate), Pauravi Kolhe (Associate), and Mehar Arora (Associate).
The due diligence team was led by Jay Parikh (Partner) and Aniket Singhania (Partner), with support from Akshay Zaveri (Principal Associate), Stuti Mishra (Senior Associate), Yashaanki Kora (Associate), Pauravi Kolhe (Associate), Mehar Arora (Associate), Varsha Agarwal (Associate), Jagrati Maru (Associate), Devanshi Soni (Associate), Harsh Jain (Associate), and Shreyansh Anchalia (Associate).
Aniket Singhania (Partner), with support from Stuti Mishra (Senior Associate), Jagrati Maru (Associate), Devanshi Soni (Associate), Harsh Jain (Associate), and Shreyansh Anchalia (Associate), advised on the project-related aspects of the transaction.
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