Khaitan & Co advised Brookfield Asset Management on the sale of Arliga Ecoworld Business Parks Pvt Ltd to Brookfield India REIT for USD 1.5 billion. This is the largest transaction involving a Real Estate Trust in India till date.
The Firm assisted with inter alia, the following aspects: (a) restructuring and filing of the scheme of arrangement for the transfer of the Ecoworld SPV to Arliga Ecoworld Business Parks Private Limited; (b) conducting the legal due diligence on Arliga Ecoworld Business Parks Private Limited and the demerged undertaking (i.e., Ecoworld and Ecoworld 4D); (c) negotiation and finalisation of the transaction documents.
The deal was assisted by:
Indirect Tax: Mayank Jain (Partner) and Pranay Sahay (Principal Associate);
Banking & Finance: Rashneet Kaur (Principal Associate), Udita Singh (Principal Associate) and Shikha Mohini (Associate);
Corporate & Commercial: Bimbita Kateel (Senior Associate), Prakhar Khandelwal (Associate) and Viraj Puri (Associate).
The core team consisted of Aashutosh Sampat (Partner), Abir Sarkar (Partner), Harsh Parikh (Partner), Sudheer Madamaiah (Partner), Amruthavarshini (Principal Associate), Sharan Sanil (Principal Associate), Anushka Garg (Senior Associate), Aman Nayar (Associate), Shambhavi Kashyap (Associate), Shrey Chhabra (Associate), Vanshika M Banthia (Associate) and Nandita Mathihalli (Consultant).