Embassy Property Developments Private Limited has acquired a 73.41% stake in Mac Charles India Limited, which owns and operates Le Meridian Hotel, Bengaluru, for around Rs. 650 crore..DealEmbassy acquires 73.41% stake in Mac CharlesValueAround 650 crore ($96 million)Deal TypeM&ASectorHospitalityLaw FirmsKhaitan & Co – Mac Charles; Cyril Amarchand Mangaldas– EmbassyPartners/HeadsKhaitan & Co – Ganesh Prasad and Sharad Moudgal; CAM – Reeba Chacko.Khaitan & Co acted for Mac Charles through a team led by Partners Ganesh Prasad and Sharad Moudgal, along with Senior Associate Mukund Thirumalai Srikanth and Associate H Muralikrishnan..Cyril Amarchand Mangaldas advised Embassy on the deal, with a team led by Partner Reeba Chacko.
Embassy Property Developments Private Limited has acquired a 73.41% stake in Mac Charles India Limited, which owns and operates Le Meridian Hotel, Bengaluru, for around Rs. 650 crore..DealEmbassy acquires 73.41% stake in Mac CharlesValueAround 650 crore ($96 million)Deal TypeM&ASectorHospitalityLaw FirmsKhaitan & Co – Mac Charles; Cyril Amarchand Mangaldas– EmbassyPartners/HeadsKhaitan & Co – Ganesh Prasad and Sharad Moudgal; CAM – Reeba Chacko.Khaitan & Co acted for Mac Charles through a team led by Partners Ganesh Prasad and Sharad Moudgal, along with Senior Associate Mukund Thirumalai Srikanth and Associate H Muralikrishnan..Cyril Amarchand Mangaldas advised Embassy on the deal, with a team led by Partner Reeba Chacko.