Deal Street

October 03, 2019

Shardul Amarchand Mangaldas advise Blackstone Group L.P in acquiring share capital

[ by Legal Era News Network ]


Shardul Amarchand Mangaldas & Co (SAM & Co) advised Blackstone Group L.P in acquiring 50% share capital of: (a) Indiabulls Properties Private Limited, (b) Indiabulls Real Estate Company Private Limited, (c) Yashita Buildcon Limited, and (d) Ashkit Properties Limited (collectively, the Portfolio Companies) from Indiabulls Real Estate Limited. The Target Companies own and manage marquee projects, such as Indiabulls Finance Centre, One Indiabulls Centre, and Indiabulls Tech Park.

SAM & Co acted as legal counsel to Blackstone Group Inc. and were involved in transaction strategy, structuring the transaction; conducting legal due diligence on the Portfolio Companies; and drafting and negotiating the transaction documents.

The transaction team from SAM & Co included Anuj Bhasme, Partner; Neety Thakkar, Principal Associate; Gaurav Dugar, Senior Associate; Nishtha Soonee, Senior Associate; Nishant Sharma, Senior Associate; Avichal Mathur, Senior Associate; Neekesh Shetty, Senior Associate; Nirav Punjani, Associate; Sangeetha Ganesh, Associate; Rutvi Shrimankar, Associate and Apeksha Narula, Associate.

Akshay Chudasama, Managing Partner - Mumbai Region, provided key strategic inputs and guidance.

Ashoo Gupta, Partner; Mansi Samdani, Associate; Aanchal Jogani, Associate and Shourya Dasgupta, Associate advised on real estate.

Gauri Chabbra, Partner and Kajori De, Associate advised on competition law. Veena Sivaramakrishnan, Partner and Utkarsh Bandhu, Principal Associate advised on Banking and Finance law.

The other parties involved in the transaction were Simpson Thacher & Bartlett that acted as international legal counsel to Blackstone. Kirkland & Ellis conducted the FCPA due diligence. Ernst and Young conducted the financial due diligence and the indirect tax due diligence. Bobby Parikh Associates advised on structure related aspects and conducted the direct tax diligence.

The value of the deal is INR 2717,00,00,000. The deal was signed and closed on September 25, 2019.

Related Post

latest News

  • SC Collegium Defends Its Decision To Transfer Madras High Court Chief Justice Tahilramani To Meghalaya High Court

    The Supreme Court has stated that Madras High Court Chief Justice Vijaya Kamlesh Tahilramani's transfer to the Meghalaya High Court was made after ful...

    Read More
  • Supreme Court Dismisses Income Tax Department’sPlea To Reassess Deepak Kochchar-Owned NuPower’sAccounts

    The Supreme Court has dismissed the Income Tax department’s petition that it would like to reassess accounts of the Deepak Kochhar-owned NuPower Ren...

    Read More
  • Suzlon Energy's Loan Account Classified As NPA By Union Bank; Other Banks Also Expected To Follow Suit Shortly

    The Union Bank of India has classified Suzlon Energy Ltd's default on the payment of outstanding bonds worth Rs 1,182 crore as a non-performing asset ...

    Read More