AZB & Partners advised Welspun group and its consortium partner in their acquisition of Rolta India Limited (“Rolta”). The acquisition was completed under Rolta’s corporate insolvency resolution process under the IBC which resulted in the resolution of ~ INR 14,074 crores of outstanding debt.
Our AZB team was led by our Senior Partners Darshika Kothari and Suharsh Sinha, Partners Kritika Agarwal and Saloni Thakkar, with deal support from Senior Associates Urmika Tripathi, Aditya Mukherjee and Associate Idhika Agarwal. They were further supported on corporate aspects by our Counsel Arnav Shah and Senior Associate Shailesh Singh, and on real estate aspects by our Senior Partner Nohid Nooreyezdan, Partner Ruchit Parikh and Senior Associate Prateek Jariwal. Our special thanks also to our Co-Founder & Senior Partner Bahram Vakil, Senior Consultants Mr. Padmanabhan, Ms. Harini Balaji, and Senior Partner Nilang T. Desai for their valuable guidance throughout.