Government of Maharashtra (GoM) has rationalised the framework governing conversion of agricultural land to non-agricultural use under the Maharashtra Land Revenue Code, 1966 (MLRC).
Khaitan & Co advised and assisted Hoograjuli (Assam) Tea Company Ltd and Thakkar Estate & Properties LLP in structuring the framework for the development of premium project property at 5 Pretoria Street, Kolkata to be developed by a reputable developer PS Group Realty Pvt Ltd along with the vetting, finalisation and execution of all transaction documents in relation to such development.
Khaitan & Co advised and assisted Sarda Designer Pvt Ltd in its proposed acquisition of 16 premium industrial units at large scale industrial project named 'Regent SME Industrial Park' at Barasat from S.D. Infrastructure & Real Estate Pvt Ltd. The Firm provided the Client with end-to-end advisory and assistance in relation to the acquisition including, due diligence of the property vetting preparing and negotiating the sale agreements and other ancillary documentation.
Khaitan & Co advised a consortium of resolution applicants comprising Oberoi Realty Ltd, Shree Naman Developers Pvt Ltd, and JM Financial Properties and Holdings Ltd in relation to legal due diligence, title due diligence and submission of resolution plan for Hotel Horizon Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP).
Khaitan & Co advised Lulu Group in acquisition of land admeasuring about 16 acres in Ahmedabad from Ahmedabad Municipal Corporation (AMC) at a consideration of INR 519 crores, for setting up a retail mall and other incidental development. The transaction involved advising the Client in reviewing, negotiating, revising and finalising the sale deed executed with AMC.
Khaitan & Co advised Reliance Consumer Products Ltd on acquisition of a majority stake in Goodness Group Global Pty Ltd.
Khaitan & Co advised Reliance Consumer Products Ltd in relation to the acquisition of a majority stake in Udhaiyams Agro Foods Pvt Ltd, through a primary investment.
Khaitan & Co advised TVS Emerald Ltd (the real estate arm of the TVS Group) (“Sponsor”), on its INR 239 Crore investment from International Finance Corporation, the private sector arm of the World Bank Group, through the issuance of listed, unsecured, rated, redeemable, principle-protected, non-convertible debentures by the Sponsor’s subsidiaries, namely (i) Emerald Haven Properties Pvt Ltd; (ii) Emerald Haven Life Spaces 2 Pvt Ltd; and (iii) Emerald Haven Life Spaces 3 Pvt.
Khaitan & Co advised FIT 3PL Warehousing Pvt Ltd (a wholly owned subsidiary of TVS Supply Chain Services Ltd) on the execution of definitive agreements for the proposed acquisition of a 100% stake in Swamy & Sons 3PL Pvt Ltd.
