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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.

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