Khaitan & Co advised Sunteck Realty Ltd in its proposed strategic acquisition of Shreejikrupa Hotels and Properties Pvt Ltd through its WOS Apricum Buildwell Pvt Ltd.
Shreejikrupa Hotels and Properties Pvt Ltd holds land at off Andheri Kurla Road & Sahar Road, Andheri, near International Airport, Mumbai and the acquisition is for development of residential / commercial / mixed-use project.
The firm acted as the legal counsel to Sunteck Realty Ltd and advised and assisted them on structuring of the transaction, legal, title and tax due-diligence, and drafting, negotiation, finalisation and execution of definitive agreements relating to the transaction.
The deal team comprised of Abhiraj Gandhi (Partner), Prithwijit Gangopadhyay (Partner), Pranav Sampat (Partner), Hiten Kotak (Executive Director), Jimmy Bhatt (Partner), Ekta Sawant (Principal Associate) Sneh Lata (Principal Associate), Akshita Shetty (Principal Associate), Rashika Bajpai (Senior Associate), Vishal Samnani (Senior Associate), Arka Banerjee Choudhury (Senior Associate), Snehil Singhvi (Associate) and Joysurjo Roy (Associate)