Cyril Amarchand Mangaldas has advised India’s Adani Ports and Special Economic Zone on its $497 million acquisition of a controlling stake in Gangavaram Ports (GPL), which was counselled by Khaitan & Co.
GPL, located in the industrial nerve centre of Andhra Pradesh, is the gateway port for a hinterland spread over eight states across Eastern, Southern and Central India. It provides cargo-handling services for a variety of bulk and breakbulk cargo groups.
Partners Mehul Shah and Ashraya Rao led the Khaitan team, while the CAM team was led by partners Smruti Shah and Paridi Adani.
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