Trilegal Advised Marathon Nextgen Realty On INR 9,000 Million QIP

Trilegal advised Marathon Nextgen Realty on INR 9,000 million QIP

Trilegal advised Marathon Nextgen Realty Limited (MNRL) on the qualified institutions placement (QIP) of equity shares aggregating to INR 9,000 million.

MNRL, a listed real estate developer with over four decades of legacy, operates across the Mumbai Metropolitan Region, including Panvel, Thane, Dombivli, Mulund, Bhandup, Lower Parel, and Byculla. Its diversified portfolio comprises luxury, township/mid-size, and affordable residential projects, along with commercial developments.

The QIP proceeds are intended to be utilised for investments in subsidiaries to fund ongoing projects, repayment/pre-payment of certain borrowings by MNRL and its subsidiaries, acquisition of land or development rights, and general corporate purposes.

The Trilegal Capital Markets Team advising on the transaction was led by Abhinav Maker (Partner) and comprised Ajo Jomy (Counsel) and Jayant Saxena, Mrinal Kumar, Kalyan Reddy, and Animan Sharma (Associates).

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