Khaitan & Co acts for Mindspace Business Parks in ₹3,000 Crore Chennai Tech Park Deal

Mindspace Business Parks REIT (managed by K Raheja Corp Investment Managers Private Limited) has acquired 51% stake in International Tech Park Chennai, with total leasable area of ~2.6 million square feet, for ₹3,000 crores from CapitaLand.

Khaitan & Co advised Mindspace Business Parks on this acquisition.

The core transaction team consisted of Gautam Suseel (Partner), Harsh Parikh (Partner), Deepak Jodhani (Partner), Sushim Aryan (Principal Associate), Associates Shefalika Shekhawat and Ishaan Kunal Nagarkatti, with assistance from the following:

Real estate related aspects: Sudheer Madamaiah (Partner), Amruthavarshini (Counsel), Vaishnavi Subrahmanyam (Principal Associate), Associates Shashank D Bharadwaj, Hemangini Srinidhi, Achalika Ahuja, Darsha Prakash and Niharika R;

W&I related aspects: Harsh Khemka (Partner) and Avishek Banerjee (Senior Associate).

Litigation related aspects: Manavendra Mishra (Partner), Royden Fernandes (Principal Associate) and Pritika Negi (Associate).

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