Khaitan & Co. and Ashurst are advising Indian energy groups Vedanta and Cairn India on the former’s $2.3 billion offer to buy out minority shareholders in latter, with Sullivan Cromwell advising the financial adviser to Cairn India.

Reuters quoted Vedanta’s CEO as saying that it would bring the closer to its goal of being a major diversified natural resources player. The deal will help parent Vedanta Resources repay hefty debts, and is expected to close in the first quarter of 2016.

The Khaitan team was led by partners Haigreve Khaitan and Sharad Abhyankar. The Ashurst team was led by London partners Tom Mercer and Richard Gubbins and Hong Kong partner Stuart Rubin. Meanwhile, the Sullivan & Cromwell team, which represented Bank of America Merrill Lynch as financial adviser to Cairn India, was led by New York partner Stephen M. Kotran.

Related Articles

Features

FORUM: Building a Brand

by Nimitt Dixit |

The year 2024 is poised to bring about significant transformation in the field of marketing operations for many law firms, according to several panellists at the Thomson Reuters Institute’s 31st Annual Law Firm Marketing Partner Forum held recently.

Appointments

Khaitan expands new Ahmedabad office with disputes hire

by Mari Iwata |

Khaitan & Co, India’s largest law firm by headcount, has welcomed aboard disputes expert Digant Popat as a partner in its recently launched Ahmedabad office.

Deals

AZB, Khaitan, SAM guide Sterlite-GIC $1 bln power JV

by Nimitt Dixit |

Indian law firms AZB & Partners and Khaitan & Co have advised energy company Sterlite Power and Shardul Amarchand Mangaldas has represented Singapore sovereign wealth fund GIC on the creation of their joint venture to build a power transmission platform in India.