Deal Street

July 03, 2020

Shardul Amarchand Mangaldas & Co. advises Navayuga Group in the sale of share capital to Sekura Roads Limited

[ by Legal Era News Network ]


Shardul Amarchand Mangaldas & Co. advised Navayuga group in the sale of 100% share capital of Navayuga Dhola Infra Projects Limited and Navayuga Dibang Infra Projects Private Limited to Sekura Roads Limited. The date of closing was 6 June 2020.

It is the one of the first domestic infrastructure acquisition deals closed in the prevailing Covid-19 lockdown. The Dhola roads and the Dibang roads are of strategic importance as they ensure seamless all-weather connectivity between the northeast and the rest of India.

The SAM team was led by Abhishek Guha, Partner; Deepto Roy, Partner; Jagriti Mohata, Counsel; Piyush Karn, Principal Associate; and Alind Chopra, Associate.

Yes Securities was the financial advisor to Navayuga Engineering Company Limited, Navayuga Infra Projects Private Limited, and Navayuga Road Projects Private Limited; Cyril Amarchand Mangaldas was the legal advisor to Sekura Roads Limited; and Deloitte was the tax advisor to Sekura Roads Limited.

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