Antares, SAM guide IHCL acquisition of 51% stake in Brij Hotels

The Indian Hotels Company Limited is set to acquire a 51% stake in Brij Hospitality, an operator of boutique luxury hotels and resorts in India, for a consideration not exceeding ₹225 crore.

Antares Legal advised IHCL on this transaction. The firm led on deal structuring, drafting and negotiating transaction documentation and undertaking due diligence for IHCL.

The transaction team consisted of Siddharth Bhavnani (Partner), Surbhi Kothiala (Partner), and Associates Divyanshu Bansal, Priyanshi Aggarwal, Moksh Roy and Yashraj Chauhan.

Shardul Amarchand Mangaldas & Co advised Brij Hotels and its promoters on this transaction. The Firm also advised NK Hotels Private Limited and Pride Hospitality Private Limited on similar arrangements with IHCL.

The transaction team was led by Jamshed Bhumgara (Partner) and Kaustubh Verma (Partner), and comprised Ankit Parekh (Senior Associate) and Sanjana Kumar (Senior Associate).

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