Shardul Amarchand Mangaldas (SAM) has advised India’s Bharat Petroleum Corporation (BPCL) on its $321 million buyout of the stake held by its partner, Oman’s OQ, in their joint venture Bharat Oman Refineries (BORL). 

While Clifford Chance and AZB & Partners counselled OQ, BORL was represented by IndusLaw.

OQ earlier owned nearly 37 percent of BORL. With this transaction, BPCL is now the sole owner of the latter entity.

The SAM team was led by partners Nivedita Tiwari, Devesh Pandey, Amit Singhania, Gouri Puri and Harman Singh Sandhu.

Meanwhile, partners Manish Gupta and Jinni Sinha led the IndusLaw team.

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Vietnam’s Asia Counsel forms European alliance, hires partner from rival

by Nimitt Dixit |

Vietnamese boutique Asia Counsel has announced that it has entered into an alliance with European law firm Kinstellar, and also hired M&A veteran Justin Gisz as a partner from local rival Frasers Law Company.

COUNTRY REPORT (Middle East): Pivot to Asia

by Nimitt Dixit |

The Middle East’s economic ties with emerging Asian economies is on the rise as M&A and sovereign investments between the regions drive growth. However, Asian law firms and lawyers are struggling to compete in an overcrowded legal market. 

SG: Greenberg lures over KWM South/Southeast Asia M&A head

by Nimitt Dixit |

U.S. law firm Greenberg Traurig has added another shareholder to its recently launched Singapore office after hiring Jake Robson to co-lead the office and head its South and Southeast Asia M&A practice. Robson joins from King & Wood Mallesons, where he held a similar role.