Alta Capital Management LLP, through its logistics-based platform Logicap, has acquired the warehousing assets from Singapore-based Xander Investment Management.
The transaction comprises two separate tranches — the first, valued at approximately ₹1,500 crore, covers 2.6 million sq. ft. of logistics parks in Chennai and Kolkata, with the Chennai facility located within a free trade zone and the Bagnan (near Kolkata) property serving eastern consumption corridors. Both sites are currently operational and fully occupied. A second tranche, involving a further 1 million sq. ft. in Bhiwandi, is also being planned.
Khaitan & Co advised Alta Capital Management on this acquisition. The Firm assisted in legal due diligence, title due diligence, drafting the transaction documents, and execution and closing of the transaction.
The transaction team consisted of Deepak Jodhani (Partner), Abir Sarkar (Partner), Divyansh Joshi (Principal Associate), Devyani Modi (Senior Associate) and Radhika Goenka (Senior Associate). The following provided assistance on due diligence aspects of the transaction:
Gaurav Dasgupta (Partner), Abhiraj Gandhi (Partner), Reshma Abraham (Counsel), Shreetama Chakraborty (Principal Associate), Rahul Sunil Agarwal (Principal Associate), Richaa Mukhopadhyay (Senior Associate) and Subhadip Choudhuri (Associate).
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.