Khaitan & Co Advised Blackstone On INR 3,250 Crore Acquisition Of South City Projects (Kolkata) Limited
Khaitan & Co Advised Blackstone on INR 3,250 Crore Acquisition of South City Projects (Kolkata) Limited
Khaitan & Co advised Blackstone Group on its INR 3,250 crore acquisition of South City Projects (Kolkata) Limited (SCPKL) from its existing shareholders—Merlin Group, Sureka Group, Emami Group, JB Group, Shrachi Group, and Rameswara Group. SCPKL houses the iconic South City Mall in Kolkata, West Bengal.
This transaction marks one of the largest private equity investments in Eastern India and enhances Blackstone’s presence in the region. Blackstone aims to strategically position South City Mall for long-term success, leveraging its global scale, operational expertise, and experience in the real estate sector.
Khaitan & Co acted as legal counsel to Blackstone and advised on structuring the transaction, legal and title due diligence, as well as drafting, negotiating, and executing the definitive agreements.
The Khaitan & Co deal team included Deepak Jodhani (Partner), Shourya Sengupta (Partner), Sneh Lata (Principal Associate), Divyansh Joshi (Senior Associate), Shreetama Chakraborty (Senior Associate), Aanchal Khandelwal (Associate), and Ishaan Nagarkatti (Associate), under the guidance of Haigreve Khaitan (Senior Partner).
They were supported on real estate aspects by Gaurav Dasgupta (Partner) and Richaa Mukhopadhyay (Associate); on antitrust and competition aspects by Anisha Chand (Partner), Tanveer Verma (Principal Associate), and Ritika Ghosh (Associate); on regulatory aspects by Sanchit Agarwal (Partner), Romit Kohli (Associate), and Shivangi Mishra (Associate); on employment aspects by Deepak Kumar (Partner) and Varsha Sankara Raman (Associate); on disputes and litigation aspects by Rajiv Bhatnagar (Partner), Ishaan Khanna (Counsel), Pratik Shanu (Principal Associate), and Agni Sen (Senior Associate); and on closing and other assistance by Karishma Sethia (Senior Associate).
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