Skip to main content

S&R Associates has represented India’s Embassy REIT on its $1.3 billion acquisition of Embassy TechVillage assets from affiliates of sponsors Embassy Group, which were advised by Khaitan & Co.

Embassy TechVillage is a large-scale business park in the southern Indian city of Bengaluru. It has a diversified blue-chip and predominantly multinational occupier base.

According to Mint, the buyout comprises 6.1 million sq. ft. of completed office space, 3.1 million sq. ft. of under-construction area, and two proposed 518-keys Hilton hotels in the Embassy Tech Village campus.

The S&R team was led by Sandip Bhagat, Shivaji Bhattacharya and Radhika Iyer, while partners Rajiv Khaitan, Udayarkar Rangarajan and Rishabh Bharadwaj led the Khaitan team.

Meanwhile, Blackstone, one of the sellers, was counselled by a Cyril Amarchand Mangaldas team led by partners Reeba Chacko, Nagavalli G, and S Harish, and a Bombay Law Chambers team led by partners Dipanshu Singhal and Karan Kalra.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.