Adani Road Transport Limited has signed definitive documents to acquire 100% stake in D P Jain TOT Toll Roads Private Limited, from D P Jain and Co. Infrastructure Private Limited and DPJ-DRA Tollways Private Limited for an enterprise value of ₹1,342 crore.
Cyril Amarchand Mangaldas represented Adani Road Transport on this transaction.
The transaction was led by Paridhi Adani, Partner (Head - Ahmedabad); Jay Parikh, Partner; with support from Akshay Zaveri, Principal Associate; Ayushi Toshniwal, Principal Associate; and Saranya Lal, Senior Associate; Yashaanki Kora, Associate; Pauravi Kolhe, Associate; and Mehar Arora Associate.
Siddharth Singh, Partner; with support from Rushi Panchal, Associate; and Sarthak Vora, Associate; assisted in real estate DD and documentation related aspects of the transaction.
Dhruv Rajain, Partner; with support from Rajat Sharma, Senior Associate; and Ridhima Sethi, Associate; assisted in competition analysis.
Aniket Singhania, Partner; with support from Stuti Mishra, Senior Associate; Jagrati Maru, Associate; and Harsh Jain, Associate; assisted in project and project finance related aspects of the transaction.
D P Jain TOT Toll Roads operates the Palanpur-Radhanpur-Samakhayali section of National Highway-27 from KM 536+000 to KM 430+100 in Gujarat on a TOT model.
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