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Shardul Amarchand Mangaldas & Co. acted as legal counsel to Oriental Structural Engineers Private Limited in connection with its divestment of 100% equity stake in Rajiv — Chowk (Sohna) Highway Private Limited.
This transaction will allow the GMR Group to execute the proposed one-time settlement with the lenders of GMR Rajahmundry Energy Limited, reduce debt by INR 4,400 crore.
Shardul Amarchand Mangaldas & Co. acted as legal counsel to the REA Group in relation to its strategic divestment of 100% stake held in PropTiger Marketing Services Private Limited to Aurum PropTech Limited , an Indian listed entity.
The Union decision is contrary to the FDI Policy of the Government of India and contrary to the guidelines laid down by the Union Ministry of Civil Aviation.
Bombay High Court observed that if such a small number of employees continue to hold on to the accommodations, the AIAHCL will not be able to monetize the land to reduce the burden of debt AIL put on it.