Bharat Road Network Limited’s Divestment of 100% Shares in Shree Jagannath Expressways Private Limited


Shardul Amarchand Mangaldas & Co. advised Bharat Road Network Limited on the deal.

Bharat Road Network Limited and other shareholders executed divestment of their 100% equity stake in Shree Jagannath Expressways Private Limited, a project SPV engaged in the development, operation and maintenance of a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha pursuant to a concession granted by NHAI, to India Highway Concession Trust, an infrastructure investment trust set up by Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ).

The Shardul Amarchand Mangaldas team was led by Partner Siddhartha Sen (Picture); Dhrupad Pant, Senior Associate; Simran Kaur, Associate; and Rishab Chaudhary, Associate.

Involved fees earner: Rishab Chaudhary – Shardul Amarchand & Mangaldas & Co.; Simran Kaur – Shardul Amarchand & Mangaldas & Co.; Dhrupad Pant – Shardul Amarchand & Mangaldas & Co.; Siddhartha Sen – Shardul Amarchand & Mangaldas & Co.;

Law Firms: Shardul Amarchand & Mangaldas & Co.;

Clients: Bharat Road Network Limited ;

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Author: Michael Patrini