“This transaction is historic in that it marks a strategic partnership between one of India’s largest companies and one of the world’s leading oil companies,” says Katwala. “To date international players have generally not made significant investments in Indian exploration and production. Potentially this could encourage other foreign investors.”
India’s Talwar, Thakore–“best friends” with Linklaters since 2007–assisted on the due diligence, drafting and negotiation of the transaction documents for BP. The Mumbai-based firm is also providing advice on Indian regulatory requirements.
