Khaitan & Co advised Brookfield Asset Management on the sale of Arliga Ecoworld Business Parks Private Limited to Brookfield India REIT
The leading law firm in India, Khaitan & Co advised Brookfield Asset Management on the sale of Arliga Ecoworld Business Parks Private Limited to Brookfield India REIT for USD 1.5 billion, marking the largest transaction involving a Real Estate Investment Trust in India to date.
The firm assisted with, inter alia, the following aspects:
- (a) Restructuring and filing of the scheme of arrangement for the transfer of the Ecoworld SPV to Arliga Ecoworld Business Parks Private Limited;
- (b) Conducting legal due diligence on Arliga Ecoworld Business Parks Private Limited and the demerged undertaking (i.e., Ecoworld and Ecoworld 4D);
- (c) Negotiation and finalisation of the transaction documents.
The core Khaitan & Co deal team comprised Aashutosh Sampat (Partner), Abir Sarkar (Partner), Harsh Parikh (Partner), Sudheer Madamaiah (Partner), Amruthavarshini (Principal Associate), Sharan Sanil (Principal Associate), Anushka Garg (Senior Associate), Aman Nayar (Associate), Shambhavi Kashyap (Associate), Shrey Chhabra (Associate), Vanshika M Banthia (Associate), and Nandita Mathihalli (Consultant), with assistance from Mayank Jain (Partner) and Pranay Sahay (Principal Associate) on SEZ aspects, Rashneet Kaur (Principal Associate), Udita Singh (Principal Associate), and Shikha Mohini (Associate) on corporate finance due diligence, and Bimbita Kateel (Senior Associate), Prakhar Khandelwal (Associate), and Viraj Puri (Associate) on other due diligence matters.
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