In one of India’s biggest transactions to help build a property investment platform, private equity major Warburg Pincus has entered into a $1-billion alliance with developer Runwal Group to fund retail-led mixed-use projects across the country..AZB & Partners acted for Warburg Pincus and the team was led by Partners Anil Kasturi, Niladri Maulik, Ashish Pareek, and Monika Bhonsale..Khaitan & Co advised Runwal Group and the team was led by Partners Haigreve Khaitan and Deepak Jodhani..Both partners, an affiliate of Warburg Pincus and Runwal, will commit $200 million each in the form of equity and will also raise additional $600 million of debt to create a total corpus of $1 billion..The platform will invest in and develop prime shopping malls across tiers 1, 2, and 3 cities in India, locations that have sizeable populations and increasing disposable incomes, reported ET..Bar & Bench is available on WhatsApp. For real-time updates on stories, click here to subscribe to our WhatsApp..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
