S&R Associates represented IRB Infrastructure Builders listed on NSE and BSE in its INR53.47 billion (USD713.5 million) desire fairness situation by non-public placement foundation to Cintra INR Investments for twenty-four.9% stake, and Bricklayers Investments for 16.9%. To share.
Touchstone Companions suggested Sintra INR Investments – a subsidiary of Sintra World, which in flip is a subsidiary of worldwide infrastructure firm Ferrovial – and Bricklayers Investments, a subsidiary of Singapore’s sovereign wealth fund, GIC.
Trilegal represented Bricklayers Investments within the Competitors Fee of India, which on 21 December 2021 gave its approval for the stake sale to the Singapore-based firm.
The deal, which is the most important fairness fundraising by an Indian freeway infrastructure developer, was introduced on 26 October 2021, and closed on 29 December 2021.
The workforce at S&R Associates was led by Sandeep Bhagat, Rajat Sethi and Sudip Mohapatra, and included associates Prateek Sharma, Pratima Mishra, Sarangan Rajeshkumar, Deep Shah and Durga Prasad Mohapatra. Associate Simran Dhir and colleagues Akshat Kulshrestha and Samli Verma suggested on competitors legislation.
The Touchstone Companions workforce was led by Associate Ruchir Sinha and Senior Affiliate Shreyas Bhushan, and included companions Prashant Khurana, Heena Ladji, Arushi Gupta, Divyan Auty, Raina Mitra and Shivam Yadav. The agency’s senior advisor, Vinod Dhal, accomplice Gaurav Desai and senior affiliate Shruti Bhat advise Sintra on antitrust issues.
Trilegal’s workforce was led by accomplice Nisha Kaur Uberoi and included companions Matthew George and Sarthak Pandey, senior associates Shambhavi Sinha and associates Aakriti Shetty, Ishaan Arora, Aditi Khemani, Shruti Sivasubramaniam and Rishi Koutia.
Saying the deal, IRB Infrastructure Builders stated it is going to “assist obtain the dual aims of accessing and delivering development capital”.