Mindspace Business Parks REIT and 360 One Alternates Asset Management Limited are set to acquire the entire stake of AIGP2 Chennai 1 Pte. Limited (Capitaland) in International Tech Park Chennai for ₹3,000 crore.
Mindspace will hold 51% shareholding and 360 One will hold 49% shareholding in International Tech Park Chennai, post closing.
Khaitan & Co advised Mindspace Business Parks on this acquisition.
The core transaction team consisted of Gautam Suseel (Partner), Harsh Parikh (Partner), Deepak Jodhani (Partner), Sushim Aryan (Principal Associate), Associates Shefalika Shekhawat and Ishaan Kunal Nagarkatti, with assistance from the following:
Real estate related aspects: Sudheer Madamaiah (Partner), Amruthavarshini (Counsel), Vaishnavi Subrahmanyam (Principal Associate), Associates Shashank D Bharadwaj, Hemangini Srinidhi, Achalika Ahuja, Darsha Prakash and Niharika R;
Warranty & Indemnity related aspects: Harsh Khemka (Partner) and Avishek Banerjee (Senior Associate).
Litigation related aspects: Manavendra Mishra (Partner), Royden Fernandes (Principal Associate) and Pritika Negi (Associate).
Veritas Legal advised 360 One Alternates Asset Management on this acquisition. The Firm's role included conducting legal due diligence on the target, drafting, negotiating and finalizing of the transaction documents, including the SPA, SHA and other transaction documents, and assisting with conditions precedents and closing formalities.
The transaction team consisted of Manav Raheja (Senior Partner), Parshva Doshi (Principal Associate), Avadhoot Potnis (Principal Associate), Associates Kritvi Kumar and Ishan Mhapsekar.
Nainaaz Irani (Partner) advised on Real Estate law aspects.
Trilegal advised Capitaland on this transaction.
The transaction team was led by Kunaal Shah (Partner), with support from Namesha Singh (Counsel), Rohan Gandhi (Senior Associate) and Vrinda Bhola (Associate).
The due diligence team was led by Kunaal Shah (Partner), Kunal Gupta (Partner) and Samira Lalani (Partner), with support from Namesha Singh (Counsel) and Sahil Bansal (Counsel), Swarnali Chanda (Senior Associate), Akshat Rajoria (Senior Associate), Akshay Marathe (Senior Associate), Associates Madhura Karanth, Tarunita Deol, Vidushi Gupta, and Vaishnavi Bansal.
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