Jay Gandhi, Jamshed Bhumgara, Kaustubh Verma 
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Shardul Amarchand Mangaldas advises NDR Smart Spaces on ₹225 crore investment by IFC

The transaction marks an investment in the expansion of Grade A warehousing and logistics infrastructure across India.

Bar & Bench

International Finance Corporation has backed NDR Smart Spaces Private Limited with an investment of ₹225 crore.

Shardul Amarchand Mangaldas & Co advised NDR Smart Spaces and its Promoters, the NDR Group, on this transaction.

The transaction was led by Jay Gandhi (Partner), Jamshed Bhumgara (Partner), and Kaustubh Verma (Partner), with support from Namrata Mehta (Principal Associate), Akshath Vidyanath (Principal Associate), Yashvardhan Mittal (Senior Associate) and Awantika Yash (Associate).

The transaction marks an investment in the expansion of Grade A warehousing and logistics infrastructure across India, supporting the development of modern logistics capacity beyond the country’s major metropolitan markets.

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