Osaka Gas Singapore’s Investment in AG&P City Gas

Khaitan & Co. advised Osaka Gas Co. Ltd. on the deal.

Osaka Gas Co. Ltd. executed an investment of up to USD 120 million through its affiliate Osaka Gas Singapore Pte. Ltd., along with JOIN, in AG&P CGD HoldCo SPV3 (Singapore) Pte. Ltd. (AG&P City Gas), a Singapore-based company that is developing city gas distribution networks.

AG&P City Gas is one of the largest private City Gas Distribution (CGD) companies in India and this is the first Japanese investment in India’s city gas distribution sector.

The Khaitan & Co. team consisted of Partner Zakir Merchant (Picture), Dibyanshu (Partner), Saswat Subasit (Partner), Prateek Bhandari (Principal Associate), Sagar BM (Principal Associate), Agranee Kapoor (Associate) and Sathyajith Nair (Associate); Due diligence: Shikha Rastogi (Principal Associate) and Anish Kapoor (Associate).

Involved fees earner: Prateek Bhandari – Khaitan & Co.; Sagar BM – Khaitan & Co.; Agranee Kapoor – Khaitan & Co.; Anish Kapoor – Khaitan & Co.; Zakir Merchant – Khaitan & Co.; Sathyajith Nair – Khaitan & Co.; Shikha Rastogi – Khaitan & Co.; Saswat Subasit – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Osaka Gas Co., Ltd. ;