8 July 2019, New Delhi: Shardul Amarchand Mangaldas & Co (SAM & Co) advised in the setting up of Oriental InfraTrust, a private infrastructure investment trust set up under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. Oriental InfraTrust has been set up with an initial portfolio of assets comprising five operational national highway road projects, granted under NHAI concessions. The projects, owned by Oriental Structural Engineers Private Limited and Oriental Tollways Private Limited, have been acquired by Oriental InfraTrust through a 100% share acquisition.
The General Corporate and Capital Markets practice groups at SAM & Co acted as legal counsel and advised on all aspects of the transaction including setting-up of Oriental InfraTrust under the Indian Trusts Act, 1882 and the SEBI (Infrastructure Investment Trusts) Regulations, 2014; conducting due diligence on the initial portfolio of assets; and advising on the transaction documents for the formation transaction.
The transaction teams from SAM & Co included Mr. Shardul Shroff, Executive Chairman; Mr. Arvind Sharma, Partner; Ms. Namrata Sharma, Principal Associate; Ms. Sanya Malhotra, Associate; Ms. Shivani Salunke, Associate and Ms. Meghmala Mukherjee, Associate from General Corporate.
Mr. Sayantan Dutta, Partner; Mr. Abhinav Maker, Principal Associate and Mr. Maharghya Biswas, Associate from Capital Markets.
Mr. Harman Singh Sandhu, Partner; Ms. Nitika Dwivedi, Senior Associate and Ms. Atreyee Sarkar, Senior Associate from Competition. Mr. Aashish Gupta, Partner and Mr. Aditya Mukherjee, Senior Associate from Litigation.
The value of the deal is approximately Rs. 23060 million
The date of closing was June 26, 2019.
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