S&R Associates represented Maple Infrastructure Trust, an infrastructure investment trust which owns and operates road assets in India, in its INR 17.56 billion preferential issue of units to eligible investors. The proceeds from the preferential issue funded the acquisition of five road assets from Ashoka Concessions Limited (a subsidiary of Ashoka Buildcon Limited) and its associated entities (“Acquisition”).
S&R Associates also assisted in obtaining the approval of the Competition Commission of India for the Acquisition.
The S&R team was led by partner Pratichi Mishra and included associates Samyak Jain and Shiv Kumar Sharma.
Simran Dhir, Head of the Competition Practice, Akshat Kulshrestha, partner, and associates Ritik Mohapatra and Sehaj Mahajan assisted on competition law matters.
For reference, please see the stock exchange announcements below in relation to the transaction:
https://www.bseindia.com/xml-data/corpfiling/AttachHis/01bbc6aa-234d-41e8-8bbe-f3efd0d3614c.pdf
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c638974c-bf5e-4212-8deb-124910dc4a1e.pdf