Cyril Amarchand Mangaldas Advised Consortium Of Sumitomo Corporation, Osaka Gas Co. Ltd And Japan Overseas Infrastructure Investment Corporation For Transport & Urban Development (JOIN)
Cyril Amarchand Mangaldas has advised a Japanese consortium comprising Osaka Gas, the second-largest city gas distributor
Cyril Amarchand Mangaldas Advised Consortium Of Sumitomo Corporation, Osaka Gas Co. Ltd And Japan Overseas Infrastructure Investment Corporation For Transport & Urban Development (JOIN)
Cyril Amarchand Mangaldas has advised a Japanese consortium comprising Osaka Gas, the second-largest city gas distributor in Japan, Sumitomo Corporation, one of Japan’s largest trading houses, and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), a Japanese government-private sponsored infrastructure investment fund, on its primary investment into AG&P LNG Marketing Pte. Ltd (AG&P).
AG&P is an important energy player in India with a City Gas Distribution (CGD) network covering 28 districts across India pursuant to aurthorisations granted by the Petroleum and Natural Gas Regulatory Board of India. AG&P has investments in THINK Gas, which holds 7 GAs mainly in north-central India, and AG&P Pratham, which holds 12 GAs mainly in southern India.
CAM advised on Indian regulatory requirements for the Japanese consortium’s investment, conducted due diligence on Indian entities involved in City Gas distribution business, including advising on PNGRB regulations. The Firm also provided support on Indian law aspects of the transaction documents.
The Project & Project Finance team of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Ajay Sawhney, Partner; Aditi Misra, Partner; with support from Angira Chakraborty, Senior Associate; and Aditya Prakash, Senior Associate; Ragini Agarwal, Associate; Siddharth Rana, Associate; Ashish Jain, Associate; Aeruva Akash, Associate; and Yathansh Joshi, Associate; who helped in due diligence of the Indian companies.
Sreetama Sen, Partner; with support from Nooreen Haider, Principal Associate; and Bhadra Nair, Associate; assisted on due diligence covering corporate aspects.
Ankita Ray, Partner; with support from Akshat Sahajpal, Senior Associate; Anushka Dua, Associate; assisted on due diligence of employment related aspects.
Kranti Mohan, Partner; and Janhavi Seksaria, Partner with support from Saloni Tyagi, Senior Associate advised on InVIT and IPO related aspects of the deal.
Vijay Chauhan, Partner; with support from Rajat Sharma, Associate; Jaibir Bindra, Associate; advised on competition law aspects of the deal.
Kapil Arora, Partner; assisted on disputes and on white collar law related aspects.