Indus sells Housing/PropTiger/Makaan.com owner for $70m to Australians with Trilegal, D&D, Quillon, KWM

Posted on By Legal 60

Melbourne based real estate advertising company REA Group Ltd has entered into a binding agreement to acquire a controlling interest in Elara Technologies Pte. Ltd. owner of Housing.com, PropTiger.com and Makaan.com.

— Hindu Business Line

Australia-based REA Group Ltd will hike its stake to take controlling interest in Elara Technologies, which owns three leading realty portals in India including Housing.com, in a cash and equity deal estimated up to $70 million.

— Yourstory

INDUSLAW advised Elara, the Singapore-based company engaged in digital real estate services owning Indian entities PropTiger.com, Makaan.com and Housing.com, which are digital real estate services platforms. The Indus team was led partnersSaurav Kumar, Harman Walia, and associatesAadhya R Chauhan and Surya Vasu.

The Trilegal team acting for the buyer REA as local counsel included partnerCharandeep Kaur, and lawyersPrashant Shah and Shringarika Priyadarshini.

Desai & Diwanji partner Sonal Rangnekar and associate partnerFarida Dholkawala acted for Xponentia.

Quillon Partners acted for CX Partners with partnerGautam Bhat and principal associateKhusnuma Nagwaswalla.

Australian international firm King & Wood Mallesons fielded a team of partnerJake Robson, Nick Davies (special counsel) and senior associateCaitlin Sharp.

2020-12-01

Deal value: Confidential

This deal report is based on a firm’s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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