AQUILAW advises Srijan Group on acquisition DLF Techpark II

Srijan Group has acquired DLF Limited’s DLF Techpark II, an operational IT/ITES Special Economic Zone, together with an adjoining land parcel, collectively admeasuring approximately 25.9 acres located at New Town, Kolkata, along with structures thereon.

AQUILAW advised Srijan Group on this acquisition. The Firm undertook a comprehensive legal and regulatory due diligence of the underlying land and the SEZ undertaking, including verification of title, review of historical land records and assessment of statutory filings, approvals and compliances under the Special Economic Zones Act, 2005 and the rules framed thereunder. The Firm also carried out detailed title searches across relevant land registries and public databases to identify potential risks and encumbrances, and advised on appropriate mitigation measures. AQUILAW further reviewed the principal transaction documentation, including the Master Framework Agreement and the Business Transfer Agreement forming part of the overall acquisition framework, and assisted Srijan Group through execution and implementation of the transaction.

The transaction team consisted of Soumya Banerjee (Partner), Tanya Sumana Das (Associate Partner), Ankit Chhaparia (Principal Associate) and Madhumointi Sapui (Associate).

DLF Techpark II has significant development potential, thereby providing Srijan Group income-yielding commercial assets with future expansion opportunities.

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