Khaitan & Co, Shardul Amarchand Mangaldas act on Chalet Hotels QIP

Chalet Hotels Limited has made a qualified institutions placement aggregating to ₹1,000 crore.

Shardul Amarchand Mangaldas & Co advised Chalet Hotels on this QIP.

The transaction team consisted of Nikhil Naredi (Partner), Chinmay Sethia (Senior Associate), Harsh Loonker (Senior Associate), Rakshita Poddar (Associate), Shruthi Hariharan (Associate) Rishika Sharma (Associate) and Manish Soni (Associate).

Khaitan & Co acted as Legal Counsel as to Indian Law to JM Financial Limited and Kotak Mahindra Capital Company Limited (Book Running Lead Managers) in relation to qualified Institutions Placement.

The transaction team consisted of Subhayu Sen (Partner), Aayush Mohata (Partner), Ritika Khare (Senior Associate), Ira Pandya (Associate), Bhavna Sancheti (Associate), Aayush Virani (Associate) and Arjun Kapur (Associate).

Chalet Hotels is the owner, developer, asset manager and operator of high-end hotels and mixed-use assets in key metro cities and leisure locations in India, including Mumbai Metropolitan Region, Hyderabad, Bengaluru, National Capital Region, Pune and Lonavala.

The Company’s hotels are branded with global brands such as Marriott, Westin, Sheraton, Novotel, Taj, and Hyatt.

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