Khaitan & Co advised Mindspace Business Parks REIT (managed by K Raheja Corp Investment Managers Pvt Ltd) on acquisition of International Tech Park Chennai (with total leasable area of ~2.6 million square feet) for INR 3000 crores from CapitaLand.
Khaitan & Co advised and assisted Birla Estates Pvt Ltd on title due-diligence, structuring of the transaction, and drafting, negotiation, finalisation, and execution of definitive agreements relating to the redevelopment of 2 (two) cooperative housing societies situate on a 1.34-acre land parcel at Khar West, Mumbai.
Khaitan & Co advised and assisted Jalaram Hotels Pvt Ltd in the affiliation of Balaram Palace Resort, Palanpur, with ‘WelcomHeritage’ brand, a joint venture between ITC Hotels Pvt Ltd and Jodhana Heritage Resorts Pvt Ltd.
Khaitan & Co advised Nexusmalls Whitefield Pvt Ltd, an affiliate of Blackstone Inc. and a SPV of Nexus Select Trust in relation to its proposed acquisition of Super Diamond Enterprises, post its restructuring and hiving of unrelated business. Super Diamond Enterprises owns and operates the popular ‘Diamond Plaza’, mall in Kolkata.
Khaitan & Co advised RSB Transmissions on its proposed acquisition of approximately 76% in Setco Auto Systems Pvt Ltd (SASPL) from Setco Automotive Ltd (SAL) and India Resurgence Fund (India RF), along with a further subscription by RSB at closing to support repayment of SASPL’s existing debt. The transaction closing is subject to customary consents and approvals.
Khaitan & Co advised VINCI Highways, a subsidiary of VINCI Concessions, in relation to 100% acquisition of the Safeway Concessions by Concessoc 41 (part of VINCI Concessions) from Macquarie Asia Infrastructure Fund 2, managed by Macquarie Asset Management. Safeway Concessions platform comprises of nine toll road assets across Andhra Pradesh and Gujarat, totalling nearly 700 km along with an integrated O&M entity. Completion is subject to customary conditions and regulatory approvals.
Khaitan & Co advised the Bangkok headquartered Indorama Ventures on acquisition of majority control of Blackstone owned EPL Ltd by amalgamation of Indorama’s offshore packaging business with EPL India, resulting in estimated valuation of USD 2 Billion in the combined entity.
Khaitan & Co advised Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), in its joint venture with Keppel Ltd through the acquisition of 51% stake in ‘TenSteps’, a 1.1 million sq. ft., grade A+ commercial office asset located in Pune.
Khaitan & Co advised Godrej Properties Ltd on acquisition of prime 5 acres land parcel located off EM Bypass, Kolkata, with an estimated revenue potential of INR 1650 crores.
Khaitan & Co acted as legal advisor to Ambuja Housing and Urban Infrastructure Company Ltd in relation to the regulatory and RERA-compliant structuring of its real estate development project, The Park Unizen. The firm undertook the drafting of key transactional documents, including the Agreement for Sale and the Deed of Conveyance, ensuring adherence to mandatory disclosure and transfer requirements under the RERA regime.
