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The facility is being availed for the construction, operation and maintenance of five data centre projects at Ellikatta District, Telangana, Hyderabad.
SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited and Jefferies India Private Limited acted as lead managers to the Issue.
The bid process culminated with ARTL emerging as the successful bidder whereafter ARTL incorporated an SPV namely, M/s Indore Gujarat Road Limited to substitute the Existing Concessionaire for the Project. With NHAI’s approval on the implementation of the substitution and also on the financing arrangement availed by ARTL from YES Bank Ltd for funding the consideration amount for the substitution, the parties executed definitive documents for successful implementation of the substitution.
CAM is representing Adani Enterprises Limited and Adani Commodities Limited on ACL’s sale of up to 20% of its shareholding, in AWL Agri Business Limited to Lence Pte. Ltd. a wholly owned subsidiary of Wilmar International Limited.
Cyril Amarchand Mangaldas acted as counsel for Adani Group (“Adani”)
Cyril Amarchand Mangaldas (“CAM”) is representing Adani Enterprises Limited (AEL) and Adani Commodities LLP
Supreme Court expressed that “The power to transfer investigation must be exercised in exceptional circumstances. Such powers cannot be exercised in the absence of cogent justifications.”
The petitions are premised upon a show cause notice issued by DRI promulgating that the intelligence has indicated that various entities of Adani Group and Essar Group were indulging in gross over-valuation of imported goods (zero or low duty rated) to siphon off money abroad from Public Listed Companies.
Interviewed by Vedika Kakar
The Supreme Court constituted an Expert Committee headed by a Former SC Judge for reviewing regulatory framework and directed SEBI to expeditiously conclude the investigation within 2 months.