Desai Diwanji, AZB act on Indospace acquisition of majority stake in Dadri Toe Warehousing

IndoSpace has a portfolio of over 41 million sq ft across 39 industrial and logistics parks under various stages of development in nine major consumption hubs in India.
Desai Diwanji, AZB act on Indospace acquisition of majority stake in Dadri Toe Warehousing

IndoSpace, a developer of industrial and logistics parks, has entered into business with Model Economic Township Ltd, a subsidiary of Reliance Industries Ltd, by acquiring its majority stake in the warehousing company, Dadri Toe Warehousing Private Limited.

Model Economic Township Limited will continue to hold a minority stake in the warehousing company.

The two companies have jointly acquired 55 acres at Farukhnagar, in Haryana, to develop a warehousing facility.

Indospace was advised by Desai Dewanji, Gurgaon office with a team led by Partner Joebin Devassy, assisted by Partner Samidha Tyagi and Associates Garvita Mehrotra, Shivam Sachdeva and Neha Sahgal.

AZB & Partners, Delhi acted for Model Economic Township Limited.

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