SAM advises Kansai Nerolac Paints on sale of land assets to Aethon Developers

The deal amount is valued at ₹726 crore.
Lower Parel
Lower Parel
Published on
1 min read

Kansai Nerolac Paints Limited has sold a significant land assets in Lower Parel, Mumbai, to Aethon Developers Private Limited, a group company of Runwal Developers, for ₹726 crore.

Kansai Nerolac Paints has sold its ownership rights and assigned its leasehold rights in lands situated at Lower Parel, aggregating to approximately 4 acres in favour Aethon Developers, together with the structures standing thereon.

Shardul Amarchand Mangaldas & Co advised Kansai Nerolac Paints on this transaction. The firm advised on the legal and regulatory facets of the transaction, including documentation, negotiations, and the execution of relevant conveyance and assignment deeds.

The transaction team consisted of Bhoumick Vaidya (Partner) and Sanchi Bansal (Senior Associate).

Bhoumick Vaidya
Bhoumick Vaidya

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