Deal Street

November 16, 2016

Essel Infra Project's acquisition of Patel KNR Infrastructures Limited & Patel KNR Heavy Infrastructures Limited


Luthra & Luthra Law Offices [L&L] advised Essel Infra Projects Limited in executing definitive documents for the acquisition of two operational annuity-based Build-Operate-Transfer [BOT] assets awarded by the National Highways Authority of India [NHAI] from KNR Constructions Limited and Patel Engineering Limited for an enterprise value of INR 850 crores.

The firm advised on all aspects of the transaction, including conducting a detailed legal due diligence; structuring the transaction; drafting, negotiating and finalizing transaction documents; and making applications to regulatory authorities for the transaction.

The transaction is subject to customary conditions precedent, including the approval of lenders and the NHAI, and is expected to close in the next 2-3 months.

The L&L team was led by Partners - Bikash Jhawar & Aditya Periwal.

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