In the biggest foreign direct investment deal ever in India’s real estate space, Singapore sovereign wealth fund GIC is acquiring a 33.34% stake in developer DLF’s rental arm DLF Cyber City Developers (DCCDL) for $1.39 billion ( Rs 8,900 crore)..The proceeds will go to the Singh family, the promoters of the group, reported ET..AZB & Partners acted for GIC and the team was led by Partners Sai Krishna Bharathan and Vivek Bajaj along with Senior Associates Priyanka Bhat, Vydyanathan L, Ranjit Kumar and Rhea Mathew..Partner Rahul Rai advised on competition law aspect..Shardul Amarchand Mangaldas advised DLF and the team was led by Executive Chairman Shardul Shroff and Partner Akila Agrawal, along with Principal Associates Mukul Sharma and Navin Kumar, and Senior Associates, Ishita Khandelwal and Sumi Saikia..The Real Estate Team was led by Partners Mrinal Kumar and Avnish Sharma and included Senior Associate Shrutikirti Kumar..The Competition Law Team included Partners Shweta Shroff Chopra and Manika Brar, along with Associates Supritha Prodaturi and Akkriti Bhatt. .The due diligence team consisted of Megha Bhargava, Principal Associate, Rohan Mahendar Arora,Principal Consultant, Ishan Gaur, Vaibhav Bhardwaj and Sourav Nath, Senior Associates, Saurabh Arora,Consultant, Roli Sharma, Rajashree Ravi, Aditya Seth, Kostubh Devnani, Pragya Seth, Akshay, Divya Chaudhary, Srishti Khare, Ritika Sinha, and Ananya Kulkarni, Associates.
In the biggest foreign direct investment deal ever in India’s real estate space, Singapore sovereign wealth fund GIC is acquiring a 33.34% stake in developer DLF’s rental arm DLF Cyber City Developers (DCCDL) for $1.39 billion ( Rs 8,900 crore)..The proceeds will go to the Singh family, the promoters of the group, reported ET..AZB & Partners acted for GIC and the team was led by Partners Sai Krishna Bharathan and Vivek Bajaj along with Senior Associates Priyanka Bhat, Vydyanathan L, Ranjit Kumar and Rhea Mathew..Partner Rahul Rai advised on competition law aspect..Shardul Amarchand Mangaldas advised DLF and the team was led by Executive Chairman Shardul Shroff and Partner Akila Agrawal, along with Principal Associates Mukul Sharma and Navin Kumar, and Senior Associates, Ishita Khandelwal and Sumi Saikia..The Real Estate Team was led by Partners Mrinal Kumar and Avnish Sharma and included Senior Associate Shrutikirti Kumar..The Competition Law Team included Partners Shweta Shroff Chopra and Manika Brar, along with Associates Supritha Prodaturi and Akkriti Bhatt. .The due diligence team consisted of Megha Bhargava, Principal Associate, Rohan Mahendar Arora,Principal Consultant, Ishan Gaur, Vaibhav Bhardwaj and Sourav Nath, Senior Associates, Saurabh Arora,Consultant, Roli Sharma, Rajashree Ravi, Aditya Seth, Kostubh Devnani, Pragya Seth, Akshay, Divya Chaudhary, Srishti Khare, Ritika Sinha, and Ananya Kulkarni, Associates.