Shardul Amarchand Mangaldas & Co. Advised Kansai Nerolac Paints On Sale Of Land Assets To Aethon Developers (Runwal Group)

Shardul Amarchand Mangaldas & Co. Advised Kansai Nerolac Paints on Sale of Land Assets to Aethon Developers (Runwal Group)

Shardul Amarchand Mangaldas & Co. (SAM & Co.) advised Kansai Nerolac Paints Limited (“Seller”) in the sale of significant land assets in Lower Parel, Mumbai, to Aethon Developers Private Limited, a group company of Runwal Developers (“Purchaser”). The deal was valued at INR 726 crores and was signed on 24th October, 2024.

The Seller has sold its ownership rights and assigned its leasehold rights in lands situated at Lower Parel, aggregating to approximately 4 acres in favour the Purchaser, together with the structures standing thereon.

The SAM & Co. team led by Bhoumick Vaidya, Partner; and Sanchi Bansal, Senior Associate on the legal and regulatory facets of the transaction, including documentation, negotiations, and the execution of relevant conveyance and assignment deeds.

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