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.
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.