Link Legal advises Ramky Infrastructure Limited (“RIL”) in the 100% acquisition of its wholly owned subsidiary N.A.M Expressways Limited by Cube Highways and Infrastructure Pte Limited (based out of Singapore) (“Cube”) for a consideration of Rs 1,669 crore (including the debt component).
N.A.M. Expressways Limited is a special purpose vehicle engaged in execution of 211 Km of four-laning of Narketpally-Addanki-Medarametla on State Highway No. 2 in the states of Telangana and Andhra Pradesh on a design, build, finance, operate and transfer basis. The shareholders of N.A.M Expressways initially comprised of RIL which held 50% and the balance 50% was held by (ITNL).
The deal was divided into two parts:
Link Legal represented RIL in deal structuring, review, negotiation and finalisation of the transaction documents on both the parts namely with ITNL and Cube. Link Legal team comprised of Mr. K Venkat Satyanarayana (Partner), Mr. Apurbalal Mallik (Associate Partner) and Ms. Shruthi Rao D (Associate).
Cube Highways and Infrastructure Pte Limited was represented by AZB & Partners.