AZB & Partners represented TPG. The transaction involved the acquisition of up to 24.75% of the equity share capital of MHEPL, on a fully diluted basis, by TPG. Further, in a contemporaneous transaction MHSPL (a group company of MHEPL) sought to transfer certain real estate assets to MHEPL by way of a demerger. Since the acquisition and demerger were inter-connected transactions, they were jointly notified to the CCI for approval.

The competition team prepared and made a merger control filing on behalf of the parties to the combination – TPG, MHEPL and MHSPL. Team involved Partner Samir Gandhi & Associates Kamya Rajagopal, Rahul Rai.