Cyril Amarchand Mangaldas Advised Neo Infra Income Opportunities Fund On INR 1500 Crore Acquisition Of Road Assets
Cyril Amarchand Mangaldas Advised Neo Infra Income Opportunities Fund on INR 1500 Crore Acquisition of Road Assets
Cyril Amarchand Mangaldas advised Neo Infra Income Opportunities Fund, a SEBI-registered Category II Alternative Investment Fund, in its acquisition of two operational road assets for INR 1500 crore from CDS Infra Projects Limited. The fund acted through its Investment Manager, Neo Asset Management Private Limited.
The two road assets, developed under the National Highway Authority of India’s Hybrid Annuity Model, are located in Haryana and Punjab and form part of the 669 km Delhi-Amritsar-Katra Expressway. Neo and CDS have executed Securities Purchase Agreements, under which Neo will acquire the entire share capital of the two assets.
The Transaction Team was led by Ajay Sawhney (Partner, Head - Northern Region) and Aditi Misra (Partner), with support from Aseem Sahni (Senior Associate), Ragini Agarwal (Senior Associate), and Aishik Majumder (Associate).
The Diligence Team included: Projects, Finance, and Permits – Aishik Majumder (Associate) and Pulkit Zamindar (Associate).Corporate, Employment, and Insurance – Ravi Shah (Partner), Bhakti Madan (Senior Associate), and Vidhi Shah (Associate).
