Luthra, IndusLaw on Vatika’s 700 crore fund raise from Altico Capital

Vatika Group has raised Rs. 700 crore from Altico Capital in what ET describes as one of the largest real estate debt transactions of last year.

Deal Altico Capital invests in Vatika Group
Value  700 crore
Deal Type PE
Sector Real Estate
Law Firms Luthra & Luthra – Altico; IndusLaw – Vatika Group
Partners/Heads Luthra & Luthra – Aniket Sengupta; IndusLaw – Gaurav Dani

Luthra & Luthra acted for Altico with a team of Partner Aniket Sengupta and Senior Associate Purvi Dabbiru.

IndusLaw represented Vatika Group through a team led by Partner Gaurav Dani and including Principal Associate Jinni Sinha, Senior Associate Nitin Gera and Associate Chitvan Bakshi.

ET reports that Altico has invested in a portfolio of projects with current potential of 3 million sq ft located in their flagship residential township ‘Vatika India Next’.