Latest News
Shardul Amarchand Mangaldas & Co. (SAM & Co.)

SAM & Co Advises on Red Fort India Real Estate HoldCo I, LLC Exit from Exora Business Parks

Deal Valued at over Rs. 600 Cr.

Jan 14, 2016   17:32 IST 
New Delhi, Delhi, India; Mumbai, Maharashtra, India

Shardul Amarchand Mangaldas & Co (SAM & Co) acted as the legal advisor to Red Fort India Real Estate HoldCo I, LLC in its exit from the investment in Exora Business Parks. Red Fort India Real Estate HoldCo I, LLC, is a fund managed by Red Fort Capital.

 

The SAM & Co team was led by Jatin Aneja, Partner; and included VR Neelakantan, Partner; Siddhartha Sen, Principal Associate; and Varun Nair, Senior Associate. The Team was involved in all legal aspects of the deal including structuring, drafting, negotiating and finalization of the transaction documents, and assisting in completion of closing related formalities.

 

As a part of the transaction, Red Fort India Real Estate HoldCo I, LLC has agreed to transfer its entire shareholding in the Company to Valdel Extent Outsourcing Solutions Private Limited, a subsidiary of the promoters of the Company, Prestige Estates and Projects Limited.

 

The parties involved in the transaction were Red Fort India Real Estate Hold Co I, LLC (“Investor”), Prestige Estate Projects Limited (“Promoter”), Exora Business Parks Limited (“Company”), Valdel Extent Outsourcing Solutions Private Limited (“Acquirer”),

 

Deal Value: Approximately INR 600 crores

 

Date of Closing: The deal was signed on December 22nd, 2015. First tranche was completed on December 23, 2015 and the remaining tranches are expected to be completed by June, 2016

 

Other Advisor to the transaction was Cyril Amarchand Mangaldas (legal advisor to the Company, Promoter and the Acquirer)

 

About Shardul Amarchand Mangaldas & Co (SAM & Co)

Shardul Amarchand Mangaldas & Co (SAM & Co) is one of India’s leading full service law firms. Founded on almost a century of legal achievement, SAM & Co. reconstituted in May 2015 and has started anew. The Firm is known for its exceptional Mergers & Acquisition, Competition Law, Dispute Resolution & Arbitration, Regulatory Litigation, Capital Markets and Private Equity practices globally.

 

Its mission is “enabling business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration”. The Firm has been at the helm of major headline transactions and litigations in all segments of industry and business besides representing major trans-national corporates on their India entry and business strategy.

 

Headed by eminent practitioners Shardul Shroff and Pallavi Shroff, the Firm has more than 370 lawyers, including 70 partners across its six offices in India, which include – New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.


Media Contact Details
Rahul Gossain
Shardul Amarchand Mangaldas & Co
+91 11 41590700, Extn: 4543/ +91 9873154228
 
 
For press background on Shardul Amarchand Mangaldas & Co. (SAM & Co.)

click here