Kansai Nerolac Paints Limited has sold a significant land assets in Lower Parel, Mumbai, to Aethon Developers Private Limited, a group company of Runwal Developers, for ₹726 crore.

Kansai Nerolac Paints has sold its ownership rights and assigned its leasehold rights in lands situated at Lower Parel, aggregating to approximately 4 acres in favour Aethon Developers, together with the structures standing thereon.

Shardul Amarchand Mangaldas & Co advised Kansai Nerolac Paints on this transaction. The firm advised on the legal and regulatory facets of the transaction, including documentation, negotiations, and the execution of relevant conveyance and assignment deeds.

The transaction team consisted of Bhoumick Vaidya (Partner) and Sanchi Bansal (Senior Associate).

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.