TT&A was the legal advisors to Barclays Bank PLC, Deutsche Bank AG, Singapore Branch, Standard Chartered Bank (Singapore) Limited in relation to two loan facilities and a note issuance aggregating to USD 5,035,000,000 (~INR 41133 Crore) availed/ issued by Endeavour Trade and Investment Limited and Xcent Trade and Investment Limited, for the purpose of, inter alia, utilisation towards acquisition of shares of Holderind Investments Limited (directly holding 63.11% shares in Ambuja Cements Limited and 4.48% shares in ACC Limited). Pertinent to note that Ambuja Cements Limited directly holds 50.05% shares in ACC Limited. The two cement makers together make Adani one of the largest cement player in the Indian market.

TT&A Team: Sonali Mahapatra – Partner; Tanay Agarwal – Managing Associate; and Kartik Jigyasi – Senior Associate