India: NIIF Invests $300 Million in DP World Container Terminal Subsidiary

AZB & Partners advised DP World and its Indian subsidiary Hindustan Ports Private Limited (HPPL) on the proposed primary investment by the National Investment and Infrastructure Fund (NIIF) into HPPL. HPPL is India’s leading container terminal platform which operates five container terminals, managing more than 5 million 20-ft container unit capacity, and accounts for a market share of over 20 percent. The proposed investment will be the single largest investment by NIIF's master fund.

The deal team comprised our Senior Partner Darshika Kothari, Partner Vasudha Asher, Senior Associates Aashna Kothari and Raghav Shah, supported by our Partner Kunal Kumbhat and Associate Anushka Venketram. They were assisted on the tax aspects by our Partner Aditya Singh Chandel and Associate Suhail Bansal; on the competition law aspects by our Partner Bharat Budholia, Senior Associate Gayatri Pradhan and Associate Vayshnavi Ganesh; and on the regulatory aspects by our Partner Qais Jamal and Associate Shreya Patnaik.

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