CAM represented Adani group on its strategic partnership with MetTube, part of Metdist group, by divesting 50% of its stake in Kutch Copper Tubes Limited, a subsidiary of Adani Enterprises Limited (“AEL”), to MetTube Mauritius Pvt Limited (“MMPL”) and concurrently, AEL acquiring a 50% stake in MetTube Copper India Private Limited, a wholly owned subsidiary of MMPL.
The dual investment structure by AEL and MMPL ensures equal ownership and shared governance, enabling both entities to co-create a future-ready copper tube business and will help make India self-reliant in copper tube manufacturing.
CAM team drafted, reviewed and negotiated various transaction documents, assisted with certain regulatory aspects and execution of the relevant transaction documents.
The transaction team was led by Ramanuj Kumar, Partner (Co-Head -Projects (Energy and Energy Transition)) and Ravi Shah, Partner along with Arushi Bindal, Senior Associate and Rohil Kenue, Associate; who advised on the transaction and documentation.
Ramanuj Kumar, Partner (Co-Head -Projects (Energy and Energy Transition)) and Aiswarja Mohanty, Partner along with Sumi Trivedi, Principal Associate advised on certain regulatory aspects of the transaction.
Vijay Pratap Singh Chauhan, Partner with support from Ananya Mahant, Senior Associate and Rasmani Raghuwanshi, Associate advised on the competition law related aspects of the transaction.
