Cyril Amarchand Mangaldas has advised Adani Road Transport Limited on signing definitive documents to acquire 100% stake in Yashodhan Highways Private Limited and KN Highways Development Private Limited, from DRN Infrastructure Private Limited.

The transaction team was led by Paridhi Adani, Partner (Head - Ahmedabad) and Jay Parikh, Partner; with assistance from Akshay Zaveri, Principal Associate; Ayushi Toshniwal, Principal Associate; Yashaanki Kora, Associate; Pauravi Kolhe, Associate; and Mehar Arora, Associate.

The due diligence team comprised of Parikh, Partner; Aniket Singhania, Partner; with support from Akshay Zaveri, Principal Associate; Stuti Mishra, Senior Associate; Yashaanki Kora, Associate; Pauravi Kolhe, Associate; and Mehar Arora, Associate; Varsha Agarwal, Associate; Jagrati Maru, Associate; Devanshi Soni, Associate; Harsh Jain, Associate; Shreyansh Anchalia, Associate.

Singhania, Partner; with support from Stuti Mishra, Senior Associate; Jagrati Maru, Associate; Devanshi Soni, Associate; Harsh Jain, Associate; and Shreyansh Anchalia, Associate; advised on the projects related aspects on the transaction.

Yashodhan Highways Private Limited holds the concession to develop NH-83 from Kamalapuram to Oddanchatram (km 0.000 to km 35.822)(length 36.505 km) in Tamil Nadu on HAM basis.

KN Highways Development Private Limited holds the concession to develop existing State Highway 79 from Kollegal to Hannur (km 0.000 to km 4.900 along Kollegal and Madhuvanhalli Bypass, from km 66.888 to km 85.770 of SH-79, length 23.8 kms), State Highway 82 from Chintamani to AP Border (km 47.203 to km 86.977of SH-82, length 39.8 kms) and State Highway 85 from Bengaluru (NICE Road) to Magadi (km 15.325 to km 50.850 of SH-85) and further to NH 75 via Chikkamudigere and lyandahalli (km 50.850 to km 66.150 of MDR) (length 50.7 kms) in Karnataka on DBFOT HAM basis.

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