Cyril Amarchand Mangaldas Represented Adani Group On Its Partnership With MetTube For Copper Tube Business In India
Cyril Amarchand Mangaldas Represented Adani Group on its Partnership with MetTube for Copper Tube Business in India
The leading Indian law firm Cyril Amarchand Mangaldas represented Adani Group on its strategic partnership with MetTube, part of the Metdist Group, by divesting 50% of its stake in Kutch Copper Tubes Limited, a subsidiary of Adani Enterprises Limited (AEL), to MetTube Mauritius Pvt Limited (MMPL) and, concurrently, AEL acquiring a 50% stake in MetTube Copper India Private Limited, a wholly owned subsidiary of MMPL.
The dual investment structure by AEL and MMPL ensures equal ownership and shared governance, enabling both entities to co-create a future-ready copper tube business and helping make India self-reliant in copper tube manufacturing.
The Cyril Amarchand Mangaldas team drafted, reviewed, and negotiated the transaction documents and advised on related regulatory aspects.
The team was led by Ramanuj Kumar (Partner, Co-Head – Projects (Energy and Energy Transition)) and Ravi Shah (Partner), with support from Arushi Bindal (Senior Associate) and Rohil Kenue (Associate).
The Cyril Amarchand Mangaldas team, led by Ramanuj Kumar (Partner, Co-Head – Projects (Energy and Energy Transition)) and Aiswarja Mohanty (Partner), with support from Sumi Trivedi (Principal Associate), advised on regulatory aspects of the transaction.
In addition, Cyril Amarchand Mangaldas advised on the competition law aspects through Vijay Pratap Singh Chauhan (Partner), with support from Ananya Mahant (Senior Associate) and Rasmani Raghuwanshi (Associate).
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