Cyril Amarchand Mangaldas represented Stonepeak Partners LP before the CCI in seeking approval for the acquisition of 100% of the shares in Castrol Group Holdings Limited (Castrol) by a SPV of Stonepeak. CPPIB is a co-investor with Stonepeak and bp (seller) will retain 35% shareholding in Castrol post completion. The transaction team comprised of Avaantika Kakkar, Partner (Head – Competition); with the assistance from Rajat Sharma, Senior Associate; Mohini Parghi, Ria Vora, and Khushi Jaffar, Associates.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1450 lawyers including 230 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi- NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi. The Firm has been named “India Law Firm of the Year 2026” by Legal Era, “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
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