Firm advised Leighton International Limited (“LIL”) being a 60% shareholder of Leighton Welspun Contractors Pvt Ltd (“LWIN”) in relation to acquisition of 40% stake of LWIN owned by Welspun Infra Projects Private Limited (‘WIPPL”) for USD 99 million. LWIN is now a 100% subsidiary of LIL. In 2010 Khaitan& Co had advised LIL for divesting its 35% stake in LWIN to WIPPL and this acquisition of 2014 is a buy back by LIL of the stake which it sold to WIPPL in 2010.

Leighton Group is one of the world’s leading international contractors. The Leighton Group’s Operating Companies conduct business in more than 20 countries. Total consideration for the deal was for USD 99 million

The Corporate Team Comprised of Partner Amitabh Sharma and Bhavik Narsana and Tax team comprised of Partner Daksha Baxi, Executive Director.