Realty major DLF has restructured its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that was to develop seven residential projects across Bangalore, Chennai, Kochi and Indore..Dua Associates advised DLF with a team led by Partners Munish Sharma, Jaspreet Sareen, Gunjan Malviya and Suneera Tandon. The team also included Managers Punish Arora, Anirudh and Associate Kshitij Arora along with Senior Advisor Sunil Malik..Cyril Amarchand Mangaldas advised Ridgewood with a team led by Partner Reeba Chacko..As part of the restructuring, Ridgewood will take 100% control of certain projects while DLF will take full control of other projects, reports VCCircle..Ridgewood was initially part of Merrill Lynch but is now controlled by Blackstone. DLF had formed the joint venture in 2007 when Merrill Lynch invested 1,481 crore to pick up a 49% stake across seven residential projects.
Realty major DLF has restructured its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that was to develop seven residential projects across Bangalore, Chennai, Kochi and Indore..Dua Associates advised DLF with a team led by Partners Munish Sharma, Jaspreet Sareen, Gunjan Malviya and Suneera Tandon. The team also included Managers Punish Arora, Anirudh and Associate Kshitij Arora along with Senior Advisor Sunil Malik..Cyril Amarchand Mangaldas advised Ridgewood with a team led by Partner Reeba Chacko..As part of the restructuring, Ridgewood will take 100% control of certain projects while DLF will take full control of other projects, reports VCCircle..Ridgewood was initially part of Merrill Lynch but is now controlled by Blackstone. DLF had formed the joint venture in 2007 when Merrill Lynch invested 1,481 crore to pick up a 49% stake across seven residential projects.