Khaitan & Co. advised Vopak Asia Pte. Ltd. on the deal, while Veritas Legal advised Aegis Logistics.
Vopak India B.V. executed an investment to acquire 49% shareholding in a pan-India joint venture entity with Aegis Logistics Limited, which will operate a network of terminals that are currently located in five strategic ports along the east and west coast of India i.e. Kandla, Pipavav, Haldia, Kochi and Mangalore.
With a total capacity of around 9,60,000 cubic metre, the partnership will become one of the largest independent tank storage companies for LPG and chemicals. As part of the transaction, also advised Vopak India B.V. in the acquisition of 24% stake in Hindustan Aegis (LPG) Limited which is a joint venture entity between Aegis Logistics Limited and Itochu Petroleum Co., (Singapore) Pte. Ltd.
The Khaitan & Co. team consisted of Partner Vivek Sriram (Picture), Gargi Bohra (Senior Associate), Kaushik Babu (Senior Associate), Agranee Kapoor (Associate) and Stephanie Nazareth (Associate); Competition Law aspects: Anisha Chand (Partner), Soham Banerjee (Senior Associate) and Anmol Awasthi (Associate); Tax: Vinita Krishnan (Director) and Raghav Bajaj (Principal Associate); Due diligence aspects: Siddesh Biyani (Associate).
The Veritas Legal team was led by partner Kunal Doshi, and also inlcuded Senior associate Kanisha Vora and associates Tanay Chopra and Vritti Shah assisted Doshi with the deal.
Involved fees earner: Raghav Bajaj – Haynes and Boone; Anmol Awasthi – Khaitan & Co.; Kaushik Babu – Khaitan & Co.; Soham Banerjee – Khaitan & Co.; Siddesh Biyani – Khaitan & Co.; Gargi Bohra – Khaitan & Co.; Anisha Chand – Khaitan & Co.; Agranee Kapoor – Khaitan & Co.; Vinita Krishnan – Khaitan & Co.; Stephanie Nazareth – Khaitan & Co.; Vivek Sriram – Khaitan & Co.; Tanay Chopra – Veritas Legal; Kunal Doshi – Veritas Legal; Vritti Shah – Veritas Legal; Kanisha Vora – Veritas Legal;