Firm advised Royal Vopak N.V. and its affiliates, in respect of its 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 (i) 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 and (ii) transfer of 100% stake in CRL Terminals Private Limited to the joint venture entity formed between Aegis Logistics Limited and Vopak India B.V.

Firm advise includes aspects like (i) advising the Client on structuring the transaction; (ii) drafting, negotiating and finalising transaction documents; and (iii) assistance on closing and post-closing aspects of the transaction. The core team consisted of Vivek Sriram (Partner), Kaushik Babu (Senior Associate), Aswathy Thomas (Associate), Vaishanshi Bhardwaj (Associate), Varsha Gopalakrishnan (Associate), with assistance from the Competition Team Anisha Chand, Soham Banerjee and Anmol Awasthy and Real Estate Team Devendra Deshmukh.